In a statement, AMP said the new Adviser Pathways program will take two to three years to complete, and will be available to “a wide variety of candidates”, so long as they have a FASEA-approved degree.
“The program is part of AMP’s commitment to raising standards and professionalism in advice,” the business said.
“It leverages AMP’s long-established experience in building rewarding careers for advice professionals and will give candidates a broad experience in advice to enable them to find the most suitable role to match their skills.”
The program will offer training across multiple means of advice delivery, AMP said, including “phone-based and technology enabled”, as well as face-to-face.
AMP head of advice education, capability and careers Rod Edge said the new program came in response to the changing needs of clients.
“We’re seeing growing demand for financial advice from Australians, so we’re strengthening and improving our learning and development proposition,” he said.
“Advisers within AMP licensees have contributed ideas and support for this new proposition. By aligning with the government’s new adviser education standards and trends in customer preferences we are creating the advisers of the future.”
AMP and Bank Advisers now have two things in common. Unemployable. Only able to find jobs within that circle. That’s a sad state of affairs, but true, and a blight on the entire industry.
And just why would I be unemployable? I have no client complaints, am FASEA education compliant and have a client following, which is more than can be said for a number of self-employed / self licenced group planners. What is a blight on the entire industry is people like you taking swipes at fellow planners. Remember AMP management made these errors, not the planners. Management submitted the report to ASIC, not the planners. Understand the destinction between the two, many others DO. I would appreciate it if you took your generalist paint brush and painted somewhere else, or at least took the time to understand what you are typing…
FAR too little, FAR too late. These clowns truly are a basket case, aren’t they?! No more in touch with reality than FASEA, FPA, FSC or ASIC. Any clear thinking adviser over 55 will/should be gone soon methinks. This nonsense brought on by self-interested fools is intolerable. I certainly won’t tolerate it any longer.
In the 90s AMP put its advisers through months of retraining – in the capital cities. Now it seems AMP has suddenly realised that of all its advisers have to be FASEA approved, and they’ve lost thousands of current advisers because of FASEA, those new FASEA approved advisers will be armed and dangerous for at least five years because they know nothing about advising. Then there’s the question of who is doing the educating. I suspect that AMP may do what the banks are about to do while they retained their bank premises advising teams – introduce a principal adviser system where that one adviser is FASEA approved that the people who do all the fact-finding strategy devising are employed under that principle adviser and added decreased rate of salary. I guess that’s attracted to the banks – less salary, tighter lines of advice and an audit of advice before it’s actually issued. Otherwise the banks would be whingeing about FASEA because they will lose advisers
Beyond a joke that AMP think that they can lead the way in education when all they have been doing is lying and deceiving the Australian public. Shame, shame, shame!
Is this report is does it have Trump quality derivations? Most long term advisers at AMP have the communication skills to close a deal. AMP will probably employ “coaches” who do not have the experience or the skills of these advisers. Another great idea that is going to be implemented too late.
AMP is comfortably the worst provider of ‘advice’ in the industry. Everyone knows this.
Do the people at AMP making these decisions genuinely think anyone believes this stuff? Let alone that anyone meeting the education requirements would ever want to work there lol.
Pity you didn’t ask me about my customer preferences, or mine for that matter before you starting slamming us with mandatory assessments with limited time to complete it. Clients now come second – pummeling your advisers is now a priority. It’s a pity you’ll lose so many degree qualified and experienced advisers over this – they are employable and in demand elsewhere.
And the worst of it all, it was suggested when these came out that they were to help make us better planners! What crap…
“In a statement, AMP said the new Adviser Pathways program will take 2 to 3 years to complete, and will be available to “a wide variety of candidates” so long as they have a FASEA-approved degree”
Ha Ha Ha, seriously you have lost the plot AMP. I will do the degree and then have the honour of being taught by AMP……… Ha Ha Ha
2-3 years, what are you going to teach these planners….I wonder? Suits again making decisions to save face!!
Seems to be consistent everywhere. Management make the bad decisions & its the planners who need training….
Now teaching how to lie to ASIC.