Call for education to top FAA review checklist
Janine Scott said it seemed that the Ministry of Business, Innovation and Employment was moving towards the level five certificate as a minimum standard for all financial advisers.
At the moment, registered financial advisers are not required to have any qualifications. But she said the level five certificate was not a high enough standard.
“Looking at worldwide trends, level five is really not sufficient at all. It won’t help promote professionalism in the long run. That’s what we’ve been discussing [with the Ministry]. That’s the stance we’re going to take.”
Scott said she was aware that some might criticise her stance as being self-serving, because Massey offers a level seven diploma. But she said a higher standard of education was becoming the norm for advisers throughout the rest of the world.
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