FPA moves to lock in degree standard deadline
The FPA has stressed the importance of assigning a deadline to new educational standards for the profession in a submission to another parliamentary inquiry.
"We welcome the opportunity to put our views forward on what specifically this advancement should look like in terms of minimum degree qualifications to be a financial planner/adviser, recognition of professional bodies and General Advice being re-named ‘general or product information'," FPA CEO Mark Rantall said.
In its submission to the Parliamentary Joint Committee (PJC) Inquiry, the FPA said the new standards should be phased in, with a degree requirement mandatory from 2018.
"We are committed to working with government, industry bodies, financial planners and consumers to ensure we live up to the expectations of our profession.
"When all financial planners are members of a professional association, when all financial planners are listed on a public register, when more financial planners carry the world class CFP® designation, we are in a better position to uphold trust in our industry."
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