Still Need FAIS Credits? Here’s Your Opportunity

With the phase-out of legacy FAIS qualifications well underway, many financial advisors are asking the same important question:

“Should I wait for the new QCTO qualification or enrol now for the current Retail or Short-Term Insurance legacy qualification?”

The short answer? Don’t wait — and here’s why.

 QCTO Qualifications: Where Things Stand

The new QCTO framework is intended to replace both these legacy qualifications, with the goal of modernising and standardising occupational training in South Africa. However, the transition is not yet complete:

• The final registration of the replacement qualifications for Retail and Short-Term Insurance is still pending.
• Training providers have not yet begun delivering these programmes under the new QCTO system.
• There is no confirmed launch date for when the new qualifications will become fully available.

 Why Waiting Could Be Risky

While it might seem logical to wait for the new qualifications, doing so comes with several real risks:

• You may miss the chance to complete your FAIS credits under the current system.
• You could face delays and limited training availability when QCTO qualifications do launch.
• You might be required to start from scratch with new course material, assessments, and structures.
• New programmes could involve higher costs or longer time commitments.

 Your Current Options

Thanks to an extension on certain legacy qualifications, you still have time to register for the following FSCA-recognised qualifications:

• Retail Insurance Qualification (NQF Level 4)
• Short-Term Insurance Qualification (NQF Level 4)

If you still need FAIS credits to meet your Fit and Proper requirements, you’re not alone — and more importantly, you’re not out of time.

These qualifications remain valid, relevant, and widely accepted, especially for professionals working in various roles across the insurance sector.

 What You Can Do Now

Both the Retail and Short-Term Insurance legacy qualifications are still open for registration—but not for much longer. This temporary extension gives you the chance to:

• Complete your outstanding FAIS credits
• Secure a qualification through a familiar learning framework
• Avoid last-minute stress once the QCTO changes take effect

 Secure Your Future Now

With the QCTO transition still in progress and no confirmed rollout date, this is the ideal time to take advantage of qualifications that help you stay compliant, qualified, and competitive.

 Don’t wait for uncertainty — act now.
Register through our online portal today and complete your qualification while it’s still available.