AUSTRALIA’S FINANCIAL SERVICES SECTOR is a major and growing driver of Australia’s economy is the largest contributor to Australia’s national output, directly generating 10.8 per cent. and continues to grow more rapidly than most other sectors.
The financial sector has undergone considerable change as a result of financial deregulation, globalisation, new technologies and the emergence of new markets and new products.
The sector has benefitted from strong and steady economic growth over the past two decades and from major structural reforms. The increasing significance of the sector during this time has also supported growth in related sectors.
Superior financial services are critical for growth throughout Australia's industries and its economy as a whole. Relevant high quality staff training and skill development are key to ensuring the strength, responsiveness and flexibility of the sector.
Increasing government regulation has also heightened the need for relevant, high quality training and skill development.
THE FINANCIAL SERVICES TRAINING PACKAGE (FNS10) is the national Training Package recognised by industry, training and financial regulators as providing the national standards for vocational education and training in Financial Services and meeting ongoing and emerging training needs within the financial services industry.
FNS10 contains national skills standards that apply to enterprises and individuals and to people working across all sectoral areas. The 52 qualifications currently in FNS10, from Certificate 1 to Advanced Diplomas, cover all financial services industry sectors:
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| | - Insurance life distribution
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- Finance and mortgage broking
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| | - Personal injury management
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- Financial retail services
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- Financial risk management
| - Self-managed superannuation
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See the links below for more information or contact IBSA for further detail and advice on the Financial Services Training Package.
Endorsement of the Financial Services Training Package
Version 2 of the Financial Services Training Package (FNS10) was endorsed by the National Skills Standards Council (NSSC) on 26 October 2011. It is due to be available on the
Training.gov.au website in early 2012.
Click here to purchase the Training Package
Financial Services Sector Advisory Committee
IBSA's Sector Advisory Committees (SACs) are a pivotal component of our overarching Stakeholder Engagement strategy which also includes National Project Reference Groups (NPRG). They provide an ideal forum for contemporary industry input and dialogue on industry matters as a means of informing the Board's decisions in important labour market and training areas.
Click here to view the membership of the Financial Services Sector Advisory Committee.
Financial Services National Project Reference Groups and Project Advisory Committees
National Project Reference Groups (NPRGs) and Project Advisory Committees (PACs) are developed on a needs-basis and are responsible for providing advice and feedback to IBSA around specific projects. These groups/committees provide input to the development of project reports, units of competency and other deliverables, and promote the project and its outcomes to other relevant stakeholders. Regular meetings provide a forum for targeted project guidance and industry content expertise; enabling the exchange of ideas, identification of issues, gathering of information, and the development of appropriate solutions.
AUSTRALIA’S FINANCIAL SERVICES SECTOR is a major and growing driver of Australia’s economy is the largest contributor to Australia’s national output, directly generating 10.8 per cent. and continues to grow more rapidly than most other sectors.
The financial sector has undergone considerable change as a result of financial deregulation, globalisation, new technologies and the emergence of new markets and new products.
The sector has benefitted from strong and steady economic growth over the past two decades and from major structural reforms. The increasing significance of the sector during this time has also supported growth in related sectors.
Superior financial services are critical for growth throughout Australia's industries and its economy as a whole. Relevant high quality staff training and skill development are key to ensuring the strength, responsiveness and flexibility of the sector.
Increasing government regulation has also heightened the need for relevant, high quality training and skill development.
THE FINANCIAL SERVICES TRAINING PACKAGE (FNS10) is the national Training Package recognised by industry, training and financial regulators as providing the national standards for vocational education and training in Financial Services and meeting ongoing and emerging training needs within the financial services industry.
FNS10 contains national skills standards that apply to enterprises and individuals and to people working across all sectoral areas. The 52 qualifications currently in FNS10, from Certificate 1 to Advanced Diplomas, cover all financial services industry sectors:
| | |
| | |
| | |
| | |
| | |
| | - Insurance life distribution
|
| | |
| | |
- Finance and mortgage broking
| |
| | - Personal injury management
|
| | |
| | |
- Financial retail services
| |
- Financial risk management
| - Self-managed superannuation
|
| | |
See the links below for more information or contact IBSA for further detail and advice on the Financial Services Training Package.
Endorsement of the Financial Services Training Package
Version 2 of the Financial Services Training Package (FNS10) was endorsed by the National Skills Standards Council (NSSC) on 26 October 2011. It is due to be available on the
Training.gov.au website in early 2012.
Click here to purchase the Training Package
Financial Services Sector Advisory Committee
IBSA's Sector Advisory Committees (SACs) are a pivotal component of our overarching Stakeholder Engagement strategy which also includes National Project Reference Groups (NPRG). They provide an ideal forum for contemporary industry input and dialogue on industry matters as a means of informing the Board's decisions in important labour market and training areas.
Click here to view the membership of the Financial Services Sector Advisory Committee.
Financial Services National Project Reference Groups and Project Advisory Committees
National Project Reference Groups (NPRGs) and Project Advisory Committees (PACs) are developed on a needs-basis and are responsible for providing advice and feedback to IBSA around specific projects. These groups/committees provide input to the development of project reports, units of competency and other deliverables, and promote the project and its outcomes to other relevant stakeholders. Regular meetings provide a forum for targeted project guidance and industry content expertise; enabling the exchange of ideas, identification of issues, gathering of information, and the development of appropriate solutions.