Record number sign up for AMP’s university challenge


A record number of students from different universities put their hand up for a cash prize and a boost to their professional standards at the AMP University Challenge.
This year, 413 students registered for the challenge, with 154 students working individually or in small groups to create a scoped advice paper in response to a hypothetical client scenario.
The competition saw 79 finalist submissions this year, up 30 per cent from last year.
A team from Griffith University in Queensland took out the first prize, which included $5000 cash and a registration to attend the 2014 Financial Planning Association Professionals Congress in Adelaide.
Matthew Baldi and Stephen McLay received the prize by AMP executive director financial planning Steve Helmich at a reception.
Griffith University was also the recipient of a $10,000 grant from AMP to use for financial planning initiatives.
New South Wales and Victoria comprised of 71 per cent of registrations, with the University of NSW, University of Technology, Sydney and La Trobe University coming in with the most applications.
The challenge is part of the final year financial planning major curriculum at La Trobe and Griffith University.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.