7 Comments 7 Commentsby Andrea Malcolm
Professional IQ, Open Poly, Massey University and Strategi, as well as Partners Life, ANZ and Willis Tower Watson are on the group which was convened by Ringa Hora.
The review, to ensure the qualification remains relevant, runs from September to November and is mandated every five years by the NZQA.
In August, Ringa Hora put out a call to industry to participate in the review. Ringa Hora said the review would be conducted using a variety of methods including face-to-face and/or online meetings, individual interviews, email consultation, focus groups and workshops.
As well as the working group there is a consultation group of those who registered interest in the review and will receive communications on the progress and be invited to contribute to feedback.
Suggestions on development of the next version of the Level 5 certificate must be approved by NZQA before it passes into the curriculum. It will then be up to the Financial Advice Code Committee to adopt it as the industry standard. Code Committee chair Angus-Dale Jones is part of the consultation group.
Topics under consideration for the new version include soft skills, AI and, for the investment strand, responsible investment.
NZQA will allocate an expiry date for the current version 2. Within that time frame, education providers must have commenced providing the new approved version. In the past, that phase in period has been around 18 months but there is no guarantee it will be the same this time.
Working Group
Angi Mann Professional IQ
Tim Larkin Professional IQ
Jillian Stewart Professional IQ
Leanna Burnett Open Poly
Sarah Hassall Open Poly
David Greenslade Strategi
Mark Branicevich Partners Life
Helia Whitaker ANZ
Jeffrey Stangl Massey University
Cedric Suifua Willis Tower Watson
Consultation Group
David Rigg Westpac
Colleen La Touche Kaplan Professional in partnership with Massey Business School
Rachelle HardieNell Financial Services Council
Raj Naidu AIL New Zealand
Craig Mulholland Apex Advice
Susan Grant Share NZ
Angus Dale-Jones Financial Code Committee
Romil Ghelani Financial Markets Authority
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Doing some research Workforce Development Councils (WDCs) were created by the last Government to “ensure the vocational education system meets industry needs and gives a stronger voice to Māori business and iwi development”. There are six WDCs Ringa Hora being one and their responsibilities include setting standards, developing qualifications, and helping shape the curriculum of vocational education.
Before yesterday I had no idea that Workforce Development Councils existed, and I thought that “vocational education” was education that prepared people for a skilled craft (manual skills) i.e. tradesperson or maybe a technician. I have never heard this term being applicable to anybody working in the financial services industry.
Respectfully, I don’t think Workforce Development Councils will be receiving much more taxpayer money under this new Government once it is finally formed. The above probably says a lot about the last 6 years under the previous administration and the current state of things generally in the tertiary education sector with their priorities.
There are some very intelligent individuals working in financial services, but we all seem to have missed a golden opportunity to establish a completely new industry now and sell it to our politicians.