FPA chosen for $1.5m scholarship program
The Financial Planning Association of Australia is to run a $1.5 million scholarship programme to encourage and assist women to enter financial services.
The program would encourage women, especially from disadvantages backgrounds, to enter, re-enter and achieve leadership roles in financial services.
It would provide 38 scholarships, valued at $50,000 each, to pursue careers in financial planning, accounting, finance and economics or renew/update their skills in those areas, as part of the Government’s Women’s Leadership and Development Program.
Chief executive, Dante De Gori, said: “We welcome the Government’s decision to roll out gender-friendly policies and programs, particularly programs that invest in women’s economic empowerment.
“The FPA will be using this opportunity to further support, retain and attract women to financial planning as well as the broader economic and financial services industry.
“Increasing the number of women in financial planning will not only grow the profession but also fill the unmet advice need in Australia which will help more consumers,” De Gori said.
Marise Payne, Minister for Women, said: “We want to see increased representation of women in the economics and financial services industry and create a talent pool and pipeline for diversity in business leadership participation and further close the gender pay gap”.
Applications would open in the second half of 2021.
AUTHOR
Laura Dew
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
