Kaplan eyes undergraduate FP degree

Kaplan/brian-knight/FASEA/

21 September 2021
| By Laura Dew |
image
image
expand image

Kaplan Professional is looking to launch a dedicated Bachelor in Financial Planning undergraduate degree next year.

This would be the first undergraduate degree offered in financial planning by Kaplan as its current offerings focused on postgraduates and were Master of Financial Planning, Graduate Certificate in Financial Planning and Graduate Diploma in Financial Planning.

While there were options available to study financial planning at an undergraduate level at other universities, these were usually as part of a wider Commerce or Business degrees such as Bachelor of Commerce (Finance and Financial Planning) at Curtin University and Bachelor of Business (Financial Planning) at RMIT University, although these were still approved for the Financial Adviser Standards and Ethics Authority (FASEA) requirements.

Brian Knight, chief executive of Kaplan, said the direct approach would be quicker.

“We are close to launching a Bachelor in Financial Planning degree, this would open up education requirements, there are not enough advisers in the industry so this needs to be an option,” he said.

“We are working to get that accredited and working with the industry and licensees to work out what is needed in terms of curriculum and skillset and ensuring students are equipped with what the consumer needs. We have been working on it for two years and it should be regulated next year.”

He said students were less likely to be put off by the FASEA requirements as they understood that education was a lifelong journey and were undeterred at the prospect of taking more exams.

Finance modules should also be taught in schools, he said, which would give students an early understanding of finance and the possible jobs available once they graduated.

“We need to think about getting that skillset and curriculum in schools such as an understanding of tax, insurance and super, that’s the future and it will be a challenge for education providers to better equip students with this knowledge,” Knight said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS