Change report for the review of Financial Services New Zealand Qualification

 

Reviewed qualifications

[Ref]

Version

Qualification title

Level

Credits

2650

1

New Zealand Diploma in Financial Services (Level 6) with strands in Banking, Financial Advice, Insurance, and Investment

6

120

 

Review information

Qualification Developer

The Skills Organisation

Reason for the review

Scheduled review of qualifications

Review date

July 2019

Outcome date

August 2019

Next review date

N/A

 

Summary of review and consultation process

This qualification was registered in 2015.  Despite the identified need, industry did not exhibit the expected level of interest.  No training providers have developed programmes to deliver the qualification.

The Skills Organisation has consulted major stakeholders, training providers, and regulatory bodies on the need for the qualification.  Feedback from the sector has been that there is no foreseeable need.

The qualification is therefore no longer required and will be designated expiring without replacement.  If a future need did emerge, Skills would develop a qualification to meet that need.

 

Main changes resulting from the review

The qualification will expire 31 December 2020 without replacement.

                                                                                                                                

Review outcome

Reference

Version

Reviewed qualification

Outcome category

New qualification details/version

(if applicable)

2650

2

New Zealand Diploma in Financial Services (Level 6) with strands in Banking, Financial Advice, Insurance, and Investment

D-Qualification will expire with no replacement

None

 

 

Qualification review outcome categories

Outcome

Result

Category

No changes are identified to the qualification

Qualification version number and NZQF ID remain the same.

New review date is required.

A

Minor changes are identified to the qualification

New version of qualification is required (NZQF ID remains the same).

New review date is required.

B

Significant changes are required to the qualification

New replacement qualification is required with a new NZQF ID.

The existing qualification will expire.

C

The qualification is no longer required be industry

The qualification will expire with no replacement. 

D

 

Transition information

Reference

Version

Qualification title

Last date of entry

Last date of assessment

2650

2

New Zealand Diploma in Financial Services (Level 6) with strands in Banking, Financial Advice, Insurance, and Investment

31 December 2019

31 December 2020

 

As there are no existing candidates, none will be disadvantaged by these transition arrangements; however, anyone who feels they have been disadvantaged can appeal to the ITO at:

The Skills Organisation

PO Box 24469

Royal Oak

Auckland 1345

 

Telephone          09 525 2590

Email                     reviewcomments@skills.org.nz