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.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.