The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has launched its new Level 5 equivalent compliance training for New Zealand advisers in General Insurance.
According to ANZIIF, the programme defines the standards of competence, knowledge and skill prescribed in the Code of Professional Conduct for Financial Advice Services, which comes into effect from March 15.
“We are extremely pleased to be able to provide the New Zealand General Insurance Advisers compliance pathways for general insurance and general insurance broking based on their level of professional experience,” said Prue Willsford, ANZIIF chief executive.
Willsford said that recognition of prior learning (RPL) is a popular option for New Zealand general insurance advisers, limiting formal studies to just the new components required under the code. The RPL is covered in a specially tailored, bridging unit.
“ANZIIF is the only educator actively advocating RPL in the NZ market for this certification,” she said. “ANZIIF has been providing RPL to experienced industry professionals for over 25 years and is extremely experienced in assessing current competence based on experience.”
John Lyon, Ando Insurance CEO and ANZIIF board member, added: “Our industry prides itself on delivering great outcomes and experiences for New Zealanders, and I believe ANZIIF’s continued investment in the market will contribute to building professionalism, trustworthiness and integrity in the New Zealand insurance industry.”
