Updated 22 January 2025
Ringa Hora Services Workforce Development Council has developed skill standards to replace unit standards listed on the NZQA Directory of Assessment and Skill Standards (DASS) in Financial Services- Professional Practice and now invites your feedback on the proposed skills standards by Monday 17th February 2025. The current unit standards are available here [Domain – Financial Services – Professional Practice].
We engaged with the sector to work with a review panel to inform the development of skill standards to replace existing unit standards and to recommend development of skill standards to fill any gaps identified by the panel.
Below are the skill standards for your feedback.
Core standards
Investment strand
Life, Disability, and Health Insurance strand
General Insurance strand
Residential Property Lending and Personal Lending strands
Residential Property strand only
The main changes proposed as a result of the review are:
Four Unit standards aligned to the Trustees Services strand were expired due to these standards not being awarded since their listing.
Five Unit standards on the six-step advice process that were aligned to Investment, Life, Death, Disability and Health Insurance, General Insurance, Residential Lending, and Personal Lending were expired and incorporated into the skill standards.
Four Unit Standards that were aligned to the Core qualification of the New Zealand Certificate in Financial Services (Level 5). These have been replaced with new skill standards linked to the Core qualification.
Proposed for Expiry – Category D
| Unit Standard | Title | Level | Credits |
| 28389 | Demonstrate the administrative responsibilities required under a trustee appointment | 5 | 5 |
| 31855 | Demonstrate and apply knowledge of financial services legislation, good conduct, professionalism, and Six Step Process | 5 | 10 |
| 31856 | Demonstrate and apply knowledge of the financial services sector to provide financial advice solutions | 5 | 8 |
| 31857 | Demonstrate and apply knowledge of key factors in the economic environment to provide financial advice solutions | 5 | 7 |
| 31858 | Interpret and explain provisions in the regulatory framework in a financial advice services context | 5 | 10 |
| 31864 | Provide advice in an investment context using the Six Step Process | 5 | 5 |
| 31869 | Provide advice in a life, disability, and health insurance context using the Six Step Process | 5 | 5 |
| 31874 | Provide advice in a general insurance context using the Six Step Process | 5 | 5 |
| 31879 | Provide advice in a residential property lending context using the Six Step Process | 5 | 5 |
| 31882 | Provide advice in a personal lending context using the Six Step Process | 5 | 5 |
| 31888 | Gather and analyse information to determine client trustee services needs | 5 | 7 |
| 31889 | Demonstrate and apply knowledge of trustee products and services to meet client needs | 5 | 8 |
| 31890 | Provide advice in a trustee services context using the Six Step Process | 5 | 5 |
Your participation in this consultation is invited
Your thoughts and feedback on the proposed skill standards and proposal to expire unit standards are welcomed. Please send your feedback via email to [email protected] by 17 February 2025
We look forward to receiving your views so we can finalise and submit the proposed skill standards to NZQA for Quality Assurance in February 2025
We are happy to add people to the email network at any time. If you wish to be included in the email network or have any questions, please email [email protected]
Ringa Hora Services Workforce Development Council, Qualifications Systems Products Team
