NZ CFS L5 Core case studies
NZ CFS L5 Core · Put your knowledge to work in context.
The New Zealand Certificate in Financial Services (Level 5) - Core is the foundational qualification for people working in, or moving into, regulated financial advice and financial services roles in New Zealand. It sits on the New Zealand Qualifications Framework and is designed to build the core knowledge and capabilities expected of advisers and financial services professionals: the regulatory and legislative environment, professional and ethical conduct, client discovery and needs analysis, risk profiling and suitability, financial markets and products, communication and disclosure, record keeping, ongoing service and complaints handling, and personal competence and supervision. The NZ CFS L5 Core case studies are 5 cases and about 4,448 words.
1Replacement risk cover during a volume-incentive quarter
Ben is a financial adviser at a licensed FAP, specialising in risk insurance. Priya, 41, a self-employed graphic designer with 95,000 of annual income and a 420,000 mortgage, has held trauma and income protection cover with Insurer A since 2019.
929 words, about 5 min2First-home couple, unverified self-employed income and a request for minimum cover
Tom (33) and Ana (31) meet adviser Hine to plan a first home purchase and protection. The purchase price is 780,000 with a 20% deposit from savings, so a 624,000 loan.
893 words, about 4 min3A 9-out-of-10 risk score two years from drawdown
Daniel, 64, is a project manager on 135,000 who plans to stop paid work at 65 and a half. He has 310,000 in a KiwiSaver growth fund advised by Wiremu, a mortgage-free home, and 8,000 in savings.
831 words, about 4 min4A settlement, a trust question and an unsigned advice summary
Maree, 52, receives a relationship property settlement of 420,000. She engages adviser Cam under a written engagement letter scoped to 'KiwiSaver and a managed fund investment', expressly excluding insurance, estate planning and tax advice.
897 words, about 4 min5Twenty-two months without a review and a complaint that arrives by email
Kelvin, 47, invested $150,000 in a balanced fund three years ago on the recommendation of adviser Lisa at a licensed FAP. His service agreement provides annual reviews and a 0.90% a year ongoing fee.
898 words, about 4 min