This course is not currently available.

Course details

New Zealand Certificate in Financial Services (Level 5) [Version 2]
NZQF Level 5

About the course

The New Zealand Certificate in Financial Services (Level 5) is the qualification you need to meet the legal requirements for giving financial advice in New Zealand.

Availability

Our qualifications are delivered on either a Trimesterised or Open basis.

  • Trimesterised qualifications have courses available to enrol in and study over set periods, three times a year - Trimester 1, 2 or 3.
  • Open qualifications have courses available to enrol in and study every month throughout the year. Courses start on the first Monday of the month you select for enrolment. 

Enrolment dates

Cost

  • Course costs can be found on all course pages.  The fees may increase annually.
  • Qualification cost – to give you an idea of how much a qualification may cost in total over the duration of your studies, an approximate cost is provided for many of our qualifications. This is based on the required number of courses to complete the qualification and the average cost of those courses. It does not include annual administration fees, text books and course materials or external exam fees, and is subject to annual course fee increases. 

Credits

Courses are assigned credits depending on how much time and effort is needed to complete their learning outcomes. In general, each credit represents approximately 10 hours of study time.

Delivery method

  • Online – The course materials for online courses are delivered in an online format and all assignments are submitted online.
  • Mixed – These courses are delivered using a mix of online and paper based course materials. This may include receiving paper course materials, submitting  assignments online, or being required to participate in online forums and learning activities.
  • Print Only - The course will be delivered using paper based courses materials, and assignments may need to be submitted in hard copy rather than online. This will depend on the course.

Whether courses are delivered online, on paper or a mixture of both, there may also be components such as workshops, noho marae, work experience and practicum to participate in. To find out what your course involves check the course information page.

EFTS

EFTS stands for equivalent full-time student. An EFTS is the study time required for each course and is used by the Tertiary Education Commission to decide if a course is part-time or full-time. 

One year of full-time study is generally between 0.8 and 1.2 EFTS.

Level

You can tell how hard a course or qualification is by the level it is set at:

  • Levels 1-4 are about the same as secondary school and basic trades training.
  • Levels 5-7 are the same as university study.

Prerequisites

  • Prerequisites are courses that must be completed before another course can be studied. 
  • Co-requisites are courses that can be studied at the same time as another course.

If a course has a specific prerequisite or co-requisite course, it will be listed on the course page under the title 'Prerequisites'. If no courses are listed, check the entry and other requirements under the qualification you are studying for. Some courses require you to have studied at a particular level prior to enrolling.

Student loans

Not all qualifications or students are eligible for student loans. You will need to meet criteria such as studying a minimum number of credits over a specific study period. It is up to you to apply for a student loan via StudyLink - Open Polytechnic does not do this for you.

Information about student loans and eligibility

StudyLink website

Study type

Our qualifications are delivered on either a Trimesterised or Open basis.

  • Trimesterised qualifications have courses available to enrol in and study over set periods, three times a year - Trimester 1, 2 or 3. Some courses may not be available every Trimester, and some may run longer than the standard 16-18 week period.  
  • Open qualifications have courses available to enrol in and study every month throughout the year. Courses start on the first Monday of the month you select for enrolment. 

Enrolment dates

Teaching weeks

Teaching weeks is the number of weeks that we teach a course. This differs from the enrolment period, which is based on the course start and end dates.

For example, a 20-week enrolment period will have 16 teaching weeks, followed by four weeks to accommodate marking, any extensions and reassessments, or exams.

Workload

The workload estimate given on a course page is calculated like this:

Number of credits x 10, divided by the number of teaching weeks for the course. The hours will be rounded up to nearest whole number.

Please note, this is a guide only. You may need more or less time for study, and you may also need to do more hours during assessment due dates or exams times.

  •  
    Level
    5
  •  
    Credits
    65
  •  
    Study type Open
  •  
    Student loan

    This programme can only be studied part-time.  It is not eligible for course-related costs, living costs or student allowances from StudyLink.

Important programme information

NZ2315 New Zealand Certificate in Financial Services (Level 5) (version 2) is the current version of this certificate. It will give the competence, knowledge and skill you need to give regulated financial advice under the new financial advice regime that comes into force on 15 March 2021. 

Courses within this version of the qualification run for 16 teaching weeks.

Learn more about the new financial advice regime

Learn more about applying for authorisation

 Student loan eligibility

You may be eligible to apply for a student loan for this programme, but you need structure your application for FSC521 and FSC522 to start at least two months apart. Upon successfully completion of FSC521, submit your application for enrolment in one of the specialist strands.

About this qualification

This programme is suitable for people working in or who wish to work in the financial services industry. It will help you advance to specialist roles, and enhance your skills and knowledge in retail and personal services areas of the financial services industry.

Areas of specialisation within the programme include:

  • investment
  • life, disability, and health insurance
  • general insurance
  • residential property lending.

It is of particular relevance to those seeking to provide individualised financial advice to meet clients’ personal needs.

Legal and competency requirements for giving financial advice - Ministry of Business Innovation & Employment website

What you will learn

When you complete this certificate, you will be able to demonstrate the knowledge and application of:

  • good conduct obligations, including the advice process and the key elements of legal, ethical, and professional obligations
  • key financial institutions, systems, markets, and products/services.
  • key factors in the economic environment that impact participants in the financial services sector.

New Zealand Certificate in Financial Services (Level 5) factsheet 

Depending on which strand you study, you will be able to demonstrate  the knowledge and application of:

  • investment concepts, risk factors, products, processes and regulation
  • risk management and life, disability and health insurance concepts, products, processes and regulation
  • risk management and general insurance concepts, products, processes and regulation
  • residential property lending concepts, risk factors, products, processes and regulation.

Career opportunities

When you complete this qualification you will be qualified to work in a range of specialist areas and roles.

Investment:

  • Investment adviser,
  • paraplanner,
  • investment adviser support,
  • business development manager

Life, disability, and health insurance, and general insurance:

  • insurance adviser,
  • technical specialist,
  • adviser support,

Business development manager Residential property lending:

  • Mortgage broker,
  • technical specialist,
  • broker support,
  • business development manager.

Academic pathways

This qualification may follow on from the New Zealand Certificate in Financial Services (Level 4), with strands in Banking, Family/Personal Budgeting, and Insurance. That qualification is not a prerequisite for entry into this one.

When you finish this qualification you could progress onto higher level qualifications in financial services, or other business and management including:

Bachelor of Applied Management

Bachelor of Business

About the provider

Open Polytechnic is New Zealand's leader in online and distance learning.

What’s our distance learning difference? It’s the almost 30,000 students who join us each year to study and achieve their career and personal goals.

It’s Open Polytechnic being New Zealand’s specialist distance learning provider for over 70 years. 


All our students study by distance.

Distance learning is what we do.


Our programmes are designed exclusively for distance learning. Our online courses include a range of rich content to engage you – readings, videos, interactive elements, case studies, quizzes and activities, and forums.


Our academic staff are experts at teaching by distance learning. It’s what they do.

They will be with you every step of the way to encourage you, and ensure you understand the course content. They will help you gain the skills and knowledge you need, so that you can succeed.


If you need other support or help, we’ve got a range of people here for you. 

With Open Polytechnic, you’re not alone.

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