Institutions take charge ahead of FASEA announcement
University of Technology Sydney (UTS) has announced it would introduce a new Master of Financial Planning in 2019 open to both new entrants and existing planners ahead of the Financial Adviser Standards and Ethics Authority’s (FASEA’s) announcement of concreted reforms.
Associate Professor, Marco Navone, said as a result of the Banking Royal Commission and FASEA’s new qualifications, the industry would see a shift towards more independent planners, and the new postgraduate degree aims to address this.
“To cater for this our new program will provide training in how to run a financial planning business, as well as advanced interpersonal communication skills and professional ethics,” he said.
Specialised knowledge around aged care and retirement planning would be offered as an advanced course in the new program, together with a capstone unit that integrates skills learnt across all subject areas.
Navone also said the course would be offered in a flexible structure to ensure people can complete the degree while still working full-time.
AUTHOR
Anastasia Santoreneos
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
