FPA – no degree, no membership
The Financial Planning Association (FPA) has lifted the bar on membership, requiring that from July 2013 membership only be open to new members with an approved degree.
The new requirement was part of headland statements delivered to the FPA’s national conference on the Gold Coast with the organisation’s chairperson, Julie Berry (pictured), also saying that from the same date all new members would be required to undertake a supervised professional year program to ensure they had earned the right to represent FPA professionals in the community.
Underpinning the move is the establishment of a Financial Planning Education Council made up of university academics, the profession, industry participants and stakeholders, which will be named the Financial Planning Education Council.
The Financial Planning Education Council will be responsible for approving higher education programs in professional financial planning for entry into FPA membership.
Announcing the move, Berry acknowledged that it would challenge members but added “we believe that taking this step sends a clear signal to the community, the Government and the industry that we believe it is no longer sufficient to simply complete government-mandated education and training requirements.”
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
