FPA and RIAA to educate about responsible investment
The Financial Planning Association (FPA) is partnering with the Responsible Investment Association of Australasia (RIAA) to educate its members about responsible investments, in a bid to improve educational opportunities within the financial advice sector.
RIAA executive director Louise O’Halloran said responsible investment had really accelerated in recent years.
“Over half of all funds under management in Australia are now signed to the UN Principles for Responsible Investment – a global initiative supported by members representing $20 trillion or over one quarter of the world’s funds,” said O’Halloran.
The RIAA online course for financial advisers covers topics such as different terminologies and approaches to responsible investment, attracting new clients in the area and comparing and contrasting products on offer.
The partnership follows recent FPA calls for the Federal Government to lift the education standards for financial advisers, recommending at least one year of supervised work experience by 2012 for all new planners, and a tertiary qualification by 2015.
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