News round-up

ETITO to write assessment system for advisers
The Ministry of Economic Development (MED) has enlisted the help of ETITO to develop the assessment system to support the National Certificate in Financial Services (Financial Advice), Level five.

ETITO's work comes ahead of the appointment of a Code Committee, which is being established to produce a draft of the Code of Professional Conduct for authorised financial advisers.

ETITO will focus on determining how best to assess the level five certificate, which has been registered on the National Qualifications Framework.

Over the coming weeks, ETITO will be collecting information from industry and tertiary sector stakeholders.

Failed finance company directors facing charges
Clegg & Co Finance directors Brian Clegg and Pamela Nicholson-Clegg are facing eight and seven charges respectively and up to five years in prison for false statements made in the company's prospectuses.