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
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
