The AIOFP confirmed it was in discussions with Western Sydney University to develop a risk specific stream of its existing FASEA approved financial planning graduate diploma course.
The association planned to offer the course to its members at a discount and to also consult with the university on the risk advice content of the course.
“This course will be less daunting for risk advisers to pass, where all the unrelated economics and financial markets subjects will be dispensed with,” AIOFP executive director Peter Johnston said in a communication to members.
The course is planned to be made available to all advisers with more than five years’ industry experience or a previous Advanced Diploma level qualification.
While offered by Western Sydney University, the course would be available online for participants anywhere in Australia, with study conducted both independently and in remote group sessions.
Students would be required to take an exam and develop an assignment for each subject within the course.
Well done to Peter and AIOFP on a common sense initiative.
Whats the point? There won’t be a Risk Insurance industry around in just a few more short years once retail life has been destroyed by LIF, FASEA, FSC, APRA and ASIC
THIS. This, for risk advisers, is the sort of thing the current ridiculous “ethics” exam should be. It is beyond idiocy the bureaucrats are trying to test for “ethics” in a classroom situation. This initiative is what the 2024 degrees should be focused upon for risk advisers. We are NOT full financial planners so what idiot is making us do these full FP uni degrees for risk advisers?
This where the AFA should have been
But 15 years ago it abandoned risk adviser training courses because it wanted to steal members from the FPA