Triplejump could get boost from new qualification rules

Triplejump is expecting upcoming changes to the qualification requirements for advisers to boost demand for its new learning platform.

Thursday, September 14th 2017, 9:01PM

The advice software group has started to offer non-NZQA accredited e-learning modules designed to build knowledge needed by advisers offering personal and business risk. It also offers workshops to complement the online training.

Founder Cecilia Farrow has been working with the IFA and PAA to promote the service to members.

Modules include things such as an overview of policy contracts, estate planning and an introduction to financial statements.

She said it made sense for advisers who could not afford to take weeks out of work to attend lessons in a classroom. “We believed we needed to find a more efficient way to train and develop advisers. It’s not practical to take them out of the workplace for three, four, five weeks.”

All the e-modules are credited for structured CPD. She said it suited people who struggled to get CPD credits from face-to-face learning. “It allows them to get structured learning credits from their office or won home any time of the day.”

Although the programme was developed before the new rules for advisers were revealed, Farrow said it would be able to be scaled for increasing demand, if advisers found they needed to improve their qualifications quickly.

Under the new law, all advisers will be bound by a code of conduct which will include competence and qualification expectations.

Because the testing is built into the programme, it is not necessary to have people sitting and marking the work that students submit.

Triplejump could also partner with NZQA-accredited trainers to deliver modules if needed. At present, the bulk of students are existing RFAs looking to broaden their skill base.

Farrow said the level five certificate in its current form was not deep enough in knowledge for someone who wanted to become very skilled in the area of risk advice whether that was personal or business. “These are a much deeper knowledge set."

It was more aligned to what was taught through the CLU programme, she said.

Tags: financial advisers IFA PAA qualifications risk triplejump