What might be coming in new version of level 5 certificate

The NZCFS Level 5 version 2 is undergoing a five year review mandated by NZQA. The review is run by Ringa Hora - Workforce Development Council to ensure it remains useful and relevant.

NZQA needs to approve the new qualification and then 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.

While the NZQA approves the new version it will be up to the Financial Advice Code Committee to adopt it as an industry standard.

Strategi executive director David Greenslade is on the industry working group that is reviewing level 5 version 2 with Ringa Hora.