Contact PIQ
25 May 2020

The wait for Level 5 (Version 2) is over

If you’ve been waiting for the latest version of the New Zealand Certificate in Financial Services (Level 5) to get your qualification underway, the wait is over. Professional IQ College is open for enrolments and offers dedicated Distance Learning to support advisers in attaining the qualification.

What’s changed between Version 1 and Version 2?

The new version of the NZCFS (Level 5) qualification includes the latest technical and regulatory content, and as well as catering for new advisers, provides important improvements in the learning process for experienced advisers, for example:

  • The Financial Advice elective module has been removed. Now, in Version 2, the financial advice process is covered in more specialist detail in the relevant Specialty stream (for example Residential Property Lending).
  • In Version 2, the mandatory Core module is based on the Financial Services Legislation Amendment Act and changes to the Financial Markets Conduct Act.
  • Version 2 better reflects the learning needs of experienced advisers. How? Rather than relying only on theoretical and technical content, now advisers can demonstrate their knowledge through a portfolio of evidence to show how they applied that knowledge to real-life clients. Of course, for advisers new to the profession, case study material is provided.

What is Distance Learning?

Distance learning provides important support for students; it’s not like online learning in which students essentially go it alone.

At Professional IQ College every adviser is supported by a Learning Plan and is assigned a Student Liaison Co-ordinator. The Student Liaison Co-ordinator is available five days a week for questions, and conducts a monthly one-on-one session to help advisers keep their Level 5 learning on track. And what’s more, your Assessor is readily available to help with queries and feedback on assessments submitted.

What about the Completion Subsidy?

The $550 plus GST subsidy is available on completion of the New Zealand Certificate in Financial Services Level 5, defined as Core plus (at least) one specialty Module. To find out more about eligibility criteria and how it works, contact the team the College.

What can I enrol in now?

The College’s Version 2 of the New Zealand Certificate in Financial Services (Level 5) qualification includes Core plus (at least) one of the following specialty modules: Investment; Life, Disability and Health Insurance; General Insurance; and Residential Property Lending.

The College is currently taking enrolments for the mandatory Core module and the General Insurance Specialty module. The Life, Disability and Health Insurance, Residential Property Lending and Investment modules are being finalised and will be available shortly. Our recommendation: complete Core first, by which time your Specialty module(s) of choice will be ready and waiting.

To find out more or to get your enrolment underway, click here.

Latest news

News, views and tips from the team at Professional IQ.

View More

The unexpected benefits of Level 5

29 Sep 2020 Invaluable ‘big-picture’ insight - the broader and unexpected benefits of the Level 5 qualification.
View More

Why are Kiwis reluctant to Estate Plan?

29 Sep 2020 As a financial adviser, you know how difficult – and yet crucial – it is for people to think about t...
View More

Unsung Benefits of Estate Planning

29 Sep 2020 A handy reminder of the benefits of Estate Planning - time to help more Kiwis get a sound plan in pl...
View More

Professional Development Updates

New CPD and learning opportunities direct to your inbox.

Thanks for getting in contact. We'll be in touch shortly.