Batseta is delighted to announce the first recipients of the Professional Principal Executive Officers certification

Online since 6.06.2017 • Filed under Industry news
Batseta is delighted to announce the first recipients of the Professional Principal Executive Officers certification

6 June 2017: Batseta Council of Retirement Funds for South Africa (Batseta) convened the very first certification ceremony for the recipients of the Occupational Certificate: Professional Principal Executive Officer (PPEO).

Eight principal officers of retirement funds successfully completed their exams:

  • Derek Field (KZN Municipal Pension Fund)
  • Henry Nico Dul (Gijima Pension and Provident Fund) – With distinction
  • Ishmail Bhoola (The Southern Africa Quantum Umbrella Beneficiary Fund)
  • Joe Letswalo (Road Freight and Logistics Industry Provident Fund)
  • Sean Samons (National Fund for Municipal Workers)
  • Sibusiso Luthuli (Eskom Pension and Provident Fund) – With distinction
  • Stephen Richard Tennant (TOP Provident Fund)
  • Vikash Ramlugaan (Aveng Pension and Provident Fund)

Developed with the help of industry experts, the Insurance Sector Education and Training Authority (INSETA) and the Financial Services Board (FSB), the PPEO qualification is designed for principal officers who are the executives of retirement fund boards of trustees.

The certification process aims ensure that principal officers are able to guide and monitor the Board’s compliance with external legislation as well as implement and monitor fund rules and Board approved policies. In addition, principal officers are equipped to manage the operations of the retirement fund and guide and implement the Board's decisions.

With erratic access to education in this country, the certification process facilitates the acquisition of the necessary skills for principal officers to manage retirement funds professionally and ethically. Retirement Fund fiduciaries have an opportunity to obtain this qualification while they are working: it is workplace based and assesses their theoretical, practical and workplace skills.

“This is the first group of principal officers to receive the qualification. They are the light bearers of certification. Their conduct and behaviour will ultimately determine the value of this qualification going forward,” says Anne-Marie D’Alton, CEO of Batseta.

The qualification for retirement fund principal officers is an accredited occupational qualification verified by the Quality Council for Trades and Occupations (QCTO) and is registered on the National Qualification Framework (NQF) at Level 7.

The introduction of an occupational qualification is an important part of the general professionalisation of the retirement fund industry. A similar occupational qualification has been registered for retirement fund trustees on the NQF as a Level 5.

Batseta is a SAQA registered professional body and an Assessment Quality Partner (AQP) of the QCTO. As an AQP, Batseta administers the Integrated External Summative Assessment (IESA) of both the occupational qualifications registered on the NQF for Principal Officers and Trustees of retirement funds.

Batseta is a leading industry body which actively contributes towards the advancement of the retirement fund industry through engaging with appropriate authorities and stakeholders. It undertakes interventions that ensure that consumers are financially literate and protected, that the regulatory environment is conducive to foster a culture of retirement savings and that retirement funds are active owners of the assets under their care.

Batseta aims to contribute towards the personal development and growth of its members in order to provide services of high quality in the interest of retirement fund members and beneficiaries.

Batseta promotes transparency, cooperation and collaboration as well as the highest ethical and governance standards for retirement funds and their fiduciaries.

 

Share this

Cybercrime take off 24 May 2018
Renewables in Africa

Subscribe to our Digital Magazine (free)