Field Service Sector
Review of Financial Services New Zealand Qualification
Reviewed qualification
Ref |
Version |
Qualification Title (Level) |
Credits |
2315 |
2 |
New Zealand Certificate in Financial Services (Level 5) with strands in Investment; Life, Disability, and Health Insurance; General Insurance; Residential Property Lending; Personal Lending; Banking; and Trustee Services |
60-65 |
Review information
Qualification Developer |
Ringa Hora Services Workforce Development Council |
Reason for the review |
Scheduled review |
Review date |
April 2024 |
Outcome date |
May 2024 |
Next review date |
May 2029 |
Summary of development/review and consultation process |
The review of the New Zealand Certificate in Financial Services (Level 5) [Ref: 2315] started in August 2023 with an advertisement of the qualification review. Ringa Hora Services Workforce Development Council consulted with the relevant stakeholders of the qualification. The stakeholders consisted of industry, associations, regulatory bodies, and education providers. Consultation concluded that minor changes needed to be made for the qualification to remain fit for purpose and future-proof for the next 5 years. |
Main changes resulting from the review process |
The following were updated: · Qualification Developer details, version, and review dates were updated. · Closer alignment to the wording in the Code of Professional Conduct for Financial Advice Services was included in the Strategic Purpose Statement, Graduate Profile Outcomes, and in General Conditions for Programmes. · Education Pathway, the New Zealand Certificate in Financial Services (Level 4) with strands in Banking, Family/Personal Budgeting, and Insurance [Ref: 2247] was removed as this qualification was discontinued December 2023. · Graduate Profile Outcomes (GPO) context was added to some GPOs to better reflect the conditions under which the graduate will perform the outcome(s). · GPO indicative credit weightings were rounded · WDC Programme Endorsement considerations were included. · Additional Transition Information was updated to include Standard Setting Body details. |
Review outcome
Ref: |
Version |
Reviewed qualification |
Outcome category |
New qualification details/version (if applicable) |
2315 |
2 |
New Zealand Certificate in Financial Services (Level 5) with strands in Investment; Life, Disability, and Health Insurance; General Insurance; Residential Property Lending; Personal Lending; Banking; and Trustee Services |
B-New version of qualification |
2315-3 |
Qualification review outcome categories
Outcome |
Result |
Category |
Minor changes to the qualification |
Qualification version number and ID (Ref) remain the same New review date is required |
A |
Moderate changes to the qualification |
New qualification version number ID (Ref) remains the same New review date is required |
B |
Significant changes to the qualification |
New replacement qualification with a new ID (Ref) The existing qualification will expire |
C |
The qualification is no longer required by industry |
The qualification will expire with no replacement |
D |
Any additional information
It is not intended that any existing candidate be disadvantaged by these transition arrangements; however, anyone who feels they have been disadvantaged may appeal to:
Ringa Hora Services Workforce Development Council PO Box 445 Wellington New Zealand
Phone: 04 909 0306 Web: www.ringahora.nz Email: qualifications@ringahora.nz
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