'Success rebate' to lower cost of level five
A new fee rebate option will cut the cost of completing the Level Five qualification at Strategi for some successful students.
Tuesday, March 5th 2019, 6:00AM 
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Dan Bell
Chief executive Dan Bell said it had secured government funding for its NZ Certificate in Financial Services Level Five courses this year.
That would mean it could lower the cost of the course for anyone who started and finished within eight months.
Advisers would need to complete the core strand and a specialist stand within that timeframe to receive the $500 rebate.
That could mean the cost of the qualification was reduced by up to 30%, depending on the method of study and the specialty strand chosen.
"We are also in the process of updating our online learning platform, which will make it easier than ever before to access course materials, complete assessments and engage with our trainers and student support team," Bell said.
He said the funding had come at a good time.
"It will enable us to support more advisers on their journey to meet the requirements of the new Code of Professional Conduct, which is expected to be finalised within the next few weeks. We are looking forward to helping financial advisers meet their training and compliance requirements this year and making it as easy and cost effective as possible to do so."
Completed online, the core strand costs $1050 with Strategi.
The most expensive of the specialist strands is the financial advice process strand, which costs $1175.
Classroom learning options are more expensive.
At Professional IQ College, which also offers the course, the certificate ranges from $1640 for those who want to focus on life and health insurance to $2730 including financial advice and investment.
Bell said it was hard to say how many people might come through Strategi this year to complete the course but there were thousands who might need to complete it under the new regime.
Many mortgage advisers had already done the residential property lending strang, to get bank accreditation. They would only need to complete the core strand to get the certificate.
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A little birdie has told me that the government funding might been obtained by Skills (the old ETITO), and that Skills is providing the rebate, not the provider.
Can anyone confirm the real situation?