What you need to know about RE Exams

PASS YOUR RE EXAMS

RE1 as well as RE5 Exam Workshops

The RE exams can be a challenge to pass and lots of people take the exams more than once before passing. There is a large amount of course material and Lets Study Training Services offers you a workshop where we take you through the process, by doing mock exams can help you pass your exam.

What examination must I write?

Both the RE5 and RE1 are Level One examinations. RE5 is for Representatives and RE1 for Key Individuals. The RE3 examination is for licence category II candidates.

Exam Costs

The FSB determines the fee. Currently it costs R1226 per exam, also in the case of a re-write.

What preparation material is available?

Please make sure that you first read the FSB’s Preparation Guide to see to it you follow the ideal procedure in preparing.

RE Exams

RE Exams – Both the RE5 and RE1 are Level One exams. RE5 is for Reps and RE1 for Key Individuals. Fully updated resources are available for those requiring access to the legislation applicable to the regulatory examinations. Please make sure that you initially read the FSB’s Preparation Guide to make sure you follow the ideal procedure in preparing. Remember that this exam tests your understanding about the laws applicable to the provision of financial advice and intermediary services. The questions are based on extremely specific qualifying criteria set out in the FSB preparation guide.

RE5 Study Material

RE5 Study Material – The amended requirements contained in the 2017 Determination of Fit and Proper Requirements will impact on the content of the study material for the REs.

RE1 Study Material

RE1 Study Material – It appears that numerous candidates underestimate the significance of correct preparation for this professional examination.

There are two standard documents which candidates need to study in order to ensure success:

The FSB recently updated its Level 1 RE Preparation Guide for Key Individuals and also Reps. Without at least reading through this, candidates have no idea of what to anticipate.

RE1 Exam

RE1 Exam – These regulatory exams form part of the competence requirements, and consist of two levels:

Regulatory examinations Level 1: These regulatory examinations must be completed within 2 years of appointment or approval. People currently in the industry appointed or approved between 2004 and 2009 must complete these regulatory examinations successfully by 31 June 2012. People entering the industry from 2010 must complete these regulatory examinations successfully within two years of appointment / approval.

RE Exams Expense

RE Exams Expense – The RE exam expense is R 1226 per examination as well as for rewrites.

FAIS Examinations

FAIS Examinations – The students that are required to write FAIS examinations are reps that work in the insurance sector as well as provide guidance and/ or intermediary services to clients. The most common professions or work positions for the delegates who are attending the workshops are primarily, Sales Consultants, Client Services Consultants, Claims Advisors, Broker Consultants, Underwriting Managers, Retention Consultants, Branch Managers, Team Leaders, and Key Individuals and Sole Proprietors. The learners are required to rewrite FAIS Regulatory Exams (RE) Level 1 (RE 5 or/and RE 1), if they have not passed

Inseta RE5

Inseta RE5 – The content of these regulatory exams are based on the regulatory structure and the regulatory role of the individual, for instance the FAIS Act, Code of Conduct, FICA and so on. Please refer to BN 105 Annexure 1 for even more detailed information regarding the content. These regulatory exams are mandatory and all representatives and also key individuals are required to complete these regulatory examinations.

What Is RE5 Qualification

What is RE5 qualification – All Representatives, including those employed or mandated by an FSP, who provide a financial service to a client (excluding a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity which does not require judgment or does not lead to a specific transaction in respect of a financial product in response to general enquiries) are required to write this exam.

Difference Between RE1 and RE5

Difference between RE1 and RE5 – RE1 is a basic exam that applies to all key individuals and sole proprietors in all the Categories. This exam contains 80 questions. All sole proprietors as well as key individuals that are responsible for managing and supervising a company relating to the rendering financial services for FSPs in Category I, II, IIA, III and IV are required to write this exam.

RE5 is all Representatives, consisting of those employed or mandated by an FSP, who render a financial service to a client (excluding a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity which does not require judgment or does not lead to a specific transaction in respect of a financial product in response to general enquiries) are required to write this exam.

Regulatory Examination

Regulatory Examination – It is accepted worldwide practice and standard to establish professional examinations for professions. The FAIS regulatory examinations are, therefore, not one-of-a-kind.

RE5 Certificate

RE5 certificate – There are daily requests for duplicates of outcomes, or RE1 certificates and RE5 certificates from candidates who mislaid their own. You can download and install these from the website of the company where you wrote the exams.

Go to our site: http://re.lets-study.co.za/re-exams-johannesburg.html

RE1 Examinations Study Material

RE1 examinations study material – The Inseta website has been redesigned, and students wishing to download and install the preparation material for the regulatory examinations may experience some trouble in finding it.

How To Pass RE5 Exam

How to pass RE5 exam- The first two will be easiest for those who understand their material well. Levels 3 as well as 4 are usually much longer type questions, requiring much more thinking to reach the right answer.

A simple bit of math will certainly reveal that 35 of the 50 questions in the Representative’s examination are taken from levels 1 and 2. This constitutes 70% of the questions.

When it comes to the Key Individual examination, it is 54 of 80 questions, or 67.5% of the questions.

A longer type of question will take more time to read and answer than a shorter one, yet a right answer for either type of question will only score one point. According to the exam tips from the regulator, the following is a guide to the time allocation per type of question:

– Knowledge: ½ – 1 minutes per question

– Comprehension: 1 – 1½ minutes per question

– Application and analysis: 1½ – 2 minutes per question

This is clearly just a basic guide, yet it helps to know where you can save time, and where you are most likely to spend more time.

RE5 Training course

RE5 training course – In truth there is no course for the RE5 qualification. There are however workshops that usually strech over 2 days where you will get the assistance you require to pass your RE5 exam.

RE1 Training course

RE1 training course – In truth there is no course for the RE5 qualification. There are however workshops that usually strech over 2 days where you will get the assistance you require to pass your RE5 exam.

RE Exams Registration

RE exams registration – There are several centers where you can register for the RE exams, the most popular being Moonstone. Some of the workshop providers will also assist you with your registration when attending the workshops.

RE5 Study Material pdf

RE5 study material pdf – The study material for both RE1 and RE5 is available in pdf format from the INSETA website. When attending a workshop to prepare you for the exams you will most likely receive the printed material.

The Financial Advisory and Intermediary Services Act, 37 of 2002, (“the FAIS Act”), came into effect on 30 September 2004. The objective of the FAIS Act is to:

Protect consumers, and Professionalise the financial services industry.

The Act requires all financial advisors and intermediaries (providers) to meet certain competence requirements. At the time, the competence requirements consisted of experience and qualifications. To aid industry participants, the initial qualification requirements needed to obtain a licence to act as a provider were “reduced” from full qualification requirements to skills programmes (or credit requirements) to help those in the industry that did not have any formal qualification as well as those who had to start with studies as a result of the promulgation of the FAIS Act. The intent was always to gradually increase the qualification requirements to the requirement that providers should have full qualifications.

Consequently thereof, the Decision for Fit and also the Appropriate Needs for Financial Services Providers, 2003, had to be assessed. The FSB started an extremely intensive consultation procedure with the industry regarding the competency requirements. A “blank slate” approach was followed. Simply put, the existing Fit and Proper requirements were set aside completely and industry stakeholders were welcomed to provide input as to what requirements would be suitable, reasonable and “workable for them”. Input was likewise acquired regarding what would be a useful and efficient method to implement the requirements, and what those requirements should be? The consultation procedure with stakeholders begun in October 2006 and continued up until September 2008. The consultation was open to any provider, individual, industry associations, professional body etc. Participants were mostly product experts, professional bodies, industry associations, providers, representatives from larger corporate companies, and even training providers that specialise within the financial services industry.

Regulatory examination — It is accepted worldwide practice and standard to establish professional examinations for professions. The FAIS regulatory examinations are, therefore, not one-of-a-kind. The purpose of the regulatory exam is to establish a minimum standard in regards to the following:

Knowledge and understanding regarding the role and responsibilities of a key individual or a representative under the FAIS Act. Although the FAIS Act has been in operation since 2004, it was generally accepted that the level of understanding, awareness and understanding of the responsibilities enforced by the FAIS Act on providers was lacking. This led to non-compliance with the provisions of the FAIS Act for instance; providers did not provide clients with the needed information as required by the FAIS Act.

Providers are further under the misconception that ensuring compliance with the legislation is the responsibility of the compliance officer. This is not the case– the key individual is accountable|liable to ensure compliance with the FAIS Act and also representatives also have specific responsibilities in respect thereof. The compliance officer is responsible for the monitoring of compliance only.

It was agreed that a once-off regulatory examination should|ought to address the problems referred to above, and would ensure that all providers have a proper understanding of their specific regulatory roles. The examinations would be compulsory for everyone rendering financial services to clients. This was also viewed as part of the objective to professionalise stakeholders in the industry and to have confidence that providers know as well as understand the legislation that governs their industry.

You can contact us on 0103007916

Diet And Exercise Rules For Weight Loss Success (2)

Diet And Exercise Rules For Weight Loss Success

Every person has their own ideas and impressions of what a good, healthy weight-loss plan should be. You may end up so caught up in the flood of available information that you may not know which way to go. Below you will find some sensible weight-loss tips that can help.

Avoid eating for any reasons other than fuel. If you are bored it doesn’t really mean that you are hungry, so try to keep that in mind, as you are walking to the fridge to find something to munch on. Likewise, if you are sad or depressed, you don’t want to head to the fridge to find something to comfort you. This can be a difficult habit to break, but the first step to breaking this habit, is just being aware that you really aren’t hungry.

Don’t expect to be perfect. When on a diet, everyone slips up now and then, and it is nothing to be ashamed of. In fact, the guilt that you will probably feel about slipping up is actually a great motivator. It means that you are truly serious about your diet, and it should be pretty easy to get back into your weight loss routine. Stay positive, and remember to get back on track immediately.

If you would like to lose weight, stick to home cooked meals. Cook meals from scratch, to ensure that you’re eating healthy. Fast food restaurants reuse cooking oil over and over again. Each time it is reheated, it is thickened with toxins. If you follow this one tip, you can easily see your success, within 15 days or less.

Grab a smaller plate. Even the healthiest foods can be bad for you if you eat too much of them. Using a smaller plate or bowl can help your brain tell you that your stomach is full faster, because your eyes are used to seeing larger plates. Take advantage of this to avoid over-eating.

Combine exercise and charity work by signing up for charity walks. You will feel great about fighting causes like breast cancer. This will also give you more motivation to do them. Feel even better by inviting your closest friends to pledge with you and set up training sessions so you can go the extra mile.

Focus to lose weight! What motivates you? Why do you want to lose the weight and get healthy? This is one of the best things you can do, to stay motivated! Whether you want to be able to play ball with your kids, or you are working to alleviate weight-related health issues, keeping an eye on what motivates you can keep you on track.

If your goal is to lose weight in general, you should avoid eating a diet that’s high in protein. Muscle growth is weight gain. Unless you actually want larger muscles, remember that protein is the fuel that builds them. High-protein diets are great for weight trainers, but people who need to lose overall weight shouldn’t ingest too much protein.

When you follow all of these tips, you will see how easy it can be to turn your life around, and become the lean health machine you were meant to be! Continue to refer to these simple weight-loss ideas going forward, and there is no reason why you can’t achieve success.

Healthy Weight Loss Tips for Lifelong Success

Healthy Weight Loss Tips for Lifelong Success

Scrambled Eggs with Tomato on Toast
Source: Flickr

Losing weight is never easy. It takes hard work and a new way of thinking. Perhaps you’ve tried one diet after another only to be disappointed by more weight gain. Fortunately, there are healthy ways to lose weight and keep it off. Use the healthy weight loss tips below to get started on the road to lifelong weight success.

Get Creative with Your Diet Plan

Think about your diet for a moment. Are strict regimen diets going to work when you’re so accustomed to eating what you want when you want? Do you have time and money to plan meals that require many ingredients that you’ve never even heard of? If not, then you probably won’t last long on many diet plans. When you determine that it’s time to lose weight, use the foods you already eat to your advantage – even the fattening ones. Don’t cut them out altogether, just eat smarter!

Try eating your favorite items in smaller portions along with a new tasty food that’s healthy. For example, if your favorite meal is two cheeseburgers with fried potatoes, turn this into a healthier meal by eating only one cheeseburger, boil a potato for 45 minutes (tastes great with ketchup), and add a couple of vegetables such as green beans and corn to your meal.

You’re actually getting more foods and adding good nutrition, but eating smaller portions of the fattening ones. The potatoes taste just as good boiled as they do fried but are much healthier!

Add Protein-Rich Foods or Protein Shakes to Your Diet

Another way to achieve healthy weight loss is to add protein-rich foods to your diet or drink protein shakes as snacks or replacement meals. There are even special diets and companies where you can get protein shakes customized for your body’s nutritional needs. Examples include the La Bamba diet, Shapeworks, Herbalife products, and so forth. With La Bamba Herbalife diets, you will use protein to get off extra pounds quickly. With other protein diets, you can drink protein shakes and take protein supplements for long-term dieting. It depends on your particular weight loss needs.

Protein helps your body to burn the calories you eat throughout the day so your body does not continuously store fat in unwanted areas. Protein also helps build and preserve lean muscle mass.

Drink Plenty of Water for Healthy Weight Loss

Water is essential to a healthy weight loss plan. Water hydrates the body and organs. It gives you energy and helps you to fill full throughout the day. Water also helps your skin and cells. No matter what type of diet you choose, be sure to drink around six to eight glasses of water per day.

The benefits of healthy weight loss are many: lower blood pressure, better figure, more energy, healthier heart and organs, less stress on bones, joints, and muscles, and less mental stress.

*Note: As with any diet plan, consult with a physician to be sure there are no health risks when trying a new diet. If you have health conditions that would prevent you from eating certain foods, then find a diet that will be safe for you.

Use the tips above to take back control of your weight and live life to the fullest!