Updated – Level 5 Certificate Under Review

The New Zealand Certificate in Financial Services (Level 5) is undergoing a review to ensure it remains relevant as the financial advice landscape changes.

David Greenslade, Executive Director of Strategi Group, is actively involved in the review and says while the current qualification “…isn’t flawed, it requires an overhaul to accommodate potential shifts in the provision of financial advice in the coming years”.

He says the review process, led by Ringa Hora, the Workplace Development Council, follows a structured and formal approach.

Greenslade notes that a team of industry experts are collaborating to identify emerging trends and guide necessary adjustments to the qualification.

“Throughout the process the Code Committee is being kept informed, serving as the authority for setting the minimum education standards. The review is expected to conclude by the end of the first quarter of 2024,” he states.

The anticipated Version 3 of the New Zealand Certificate in Financial Services (Level 5) is set to be formalised in 2024, and there will be a transition period before training providers must discontinue providing the Version 2. The Code Committee will decide in due course what it deems to be the minimum education standard.

Updated with a revised final paragraph.

Code Committee working group members

Consultation group members