Exit Funding Options for Group Retirement Funds Training

Learning Outcomes

• Analyse the regulatory framework governing group retirement fund exits in South Africa.
• Evaluate different funding options (e.g., preservation funds, transfers, cash withdrawals) for exiting members.
• Apply appropriate criteria to recommend suitable funding options based on member circumstances.
• Assess the financial and tax implications of each funding option for the exiting member.
• Demonstrate compliance with relevant legislation and fund rules during the exit process.
• Implement a structured process to investigate and document funding options for group retirement fund exits.

Target Audience

Targeted at retirement fund administrators, consultants, financial advisors, and human resource professionals involved in managing group retirement fund exits.

Prerequisites

None — open enrollment. However, a basic understanding of retirement funds is recommended.

Course Outline

Practicals

Overview

Learners apply theoretical knowledge through case-based calculations and role-play exercises. They practice advising members on exit options, completing relevant forms, and calculating tax implications. These practicals ensure competency in real-world advisory scenarios.

Practical Activities

• Exit Option Calculation Exercise — Learners calculate lump sum and annuity payouts for given member profiles, considering tax thresholds and preservation rules. (1h)
• Compliance Documentation Role-Play — In pairs, learners simulate a member consultation, completing withdrawal/transfer forms and explaining tax implications. (1h)
• Case Study Analysis and Presentation — Groups analyse a complex member scenario (e.g., early retirement with disability) and present their recommended exit funding solution. (1h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.