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.

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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.

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Tell the price son.....

Full MFP is 12 subjects with each subject worth 6 credit points (total 72 cps). Each credit point will cost $682 according to their website. Apparently you get a 10% discount if you're a UTS alumni. Expensive compared to other options but it's one of Australia's top 10 unis according to QS World University Rankings so you get what you pay for I guess.

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