The white paper was written to “improve the status quo and lift the standard of CPD across the industry”, the education and training provider said, and said a shift away from the current status quo could promote a culture of “lifelong learning” among advisers.
Kaplan Professional said the CPD system should move away from its current time and compliance-based structure and instead use a points system, as this would allow “learning to be acknowledged on the basis of quality of learning and level of thinking skills”.
“A points system also enables a scale of differentiation between learning activities,” Kaplan Professional added.
The company said this system would use points to determine an individual’s CPD requirements based on learning outcomes rather than hours spent on development.
“We want to change the value of CPD beyond compliance and move towards a lifelong learning mindset, standardise recognition and accreditation models, and recognise innovative CPD delivery methods,” said Kaplan Professional head of CPD Jennifer Hornsey.
“After speaking to many of our clients – corporates, licensees and advisers of all ages and experience – about what they wanted to do with their learning in the future and what they wanted out of CPD, it prompted us to think, this is an opportunity to redefine CPD and instil a culture of lifelong learning.”
Kaplan Professional chief executive Brian Knight said he was “adamant” that the industry would benefit from examining the proposed framework.
“It is an independent framework, educationally sound, forward-looking, and accommodates both current and future delivery methods,” he said.
“Instilling a culture of lifelong learning in the sector and developing a framework to support the industry culture underpins the success of the new professional standards and ultimately guarantees favourable outcomes for consumers.”
“lifelong Learning” is Kaplan’s code for more $$ in our pocket for dishing out more courses and fees
Hmmmnn I suspect Kaplan has noticed advisers are using webinar programs like those provided by TAL, MLC and One Path for CPD points for risk.
It seems a bit rich coming from Kaplan given the rubbish they dish up as financial planning education. Maybe get your own shop in order first???
Don’t Worry A good change is almost at hand!
Dear “Student” – if you think Kaplan’s education is rubbish, then why don’t you lodge a complaint to them and while you are at it, also suggest how you would improve it? Kaplan use an extensive network of industry professionals, including senior financial planners, lawyers, estate planners, SMSF experts et al. to write the majority of Ontrack articles, and contribute to their course materials. Further, they utilise a committee of industry representatives to assist with guidance on the articles to ensure there is sufficient coverage across the realm of knowledge areas. PS:I don’t work for Kaplan, but have been a client for over 15 years, was on the editorial committee for a number of years and know of the academic credentials and experience of enough of the staff – so my opinion is an informed one!
“Dear Anonymous”…why not put your real name and the names of those so called “experts” on their committees? Kaplan will be always be the McDonalds of Financial Services Education.
Seems to be the trend today. Snipe and don’t offer any constructive critique and suggestions for improvements. Maybe that’s what the world has come to with social media.