Requirements
A Qualified Financial Services Representative of the College is a practitioner class for those who have fully qualified as advisers in areas other than insurance broking.
Applicants must at least have:
- a Diploma of Financial Services with NIBA College or another registered training organisation or equivalent;
- minimum of 4 years experience providing financial services; and
- participated in continuing professional development as required by the NIBA Board in the 12 month period prior to the date of his/her application.
These members are entitled to use the post nominal “NIBA College (QFSR)” and use the QFSR logo on their business materials while this class of member. Go to NIBA member logos and decals. Go to Member Logos and Decals
Qualifications
NIBA College offers a Diploma of Financial Services or a Diploma of Financial Services (Insurance Services) if you are experienced in one of the following specialty areas and wish to gain formal recognition of your skills and knowledge:
- Risk advising (life or general insurance)
- Compliance
- Insurance Underwriting
- Insurance Claims (including medical claims)
- Financial Planning
Depending on your requirements, ASIC Tier 1 advisor accreditation can be added to the assessment in one or more of the following product areas: general insurance, life insurance, superannuation, and managed investments.
Responsible Managers
Responsible manager qualifications are higher than those for retail advisers. Managers must complete the relevant industry qualification for their sector at a minimum full Diploma in Financial Services level. NIBA College offers workplace assessment for experienced insurance advisers looking to gain formal recognition.
Continuing Professional Development
QFSR's are required to complete 25 hours of cpd annually, any additional hours can be carried over to the following year.
eLearning
NIBA College has a range of eLearning programs that may be of interest to QFSR's covering sof skills such as Time Management, Sales Fundamentals and Personal Productivity. More
Mentoring
Mentoring is a mutually beneficial learning partnership that not only provides the opportunity to share professional and personal skills and experiences, but assists the participants to grow and develop in the process. Our goal is to empower young professionals, either in or entering the industry, to gain a greater understanding of the issues they face and motivate them to realise higher levels of personal and professional development.
According to one of our mentees, Luke Eagle from Allianz:
“The program pushes you to think outside the square and at times puts you outside your comfort zones, but brings great professional development.”
NIBA College’s mentoring program is open to brokers, insurers, and associated professionals across the insurance industry. Industry sponsorship means that this program is free to all participants. More
Benefits
NIBA’s role is all embracing. NIBA is at the heart of what’s happening and its job is to bring the industry together as one voice on the key issues, as well as to enhance the professionalism of all NIBA members, regardless of size or affiliation. There’s a responsibility for all who believe in our industry to maintain and enhance it.
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