The grant will offer scholarship to undergraduate students majoring in financial planning as part of their degree, through Deakin, LaTrobe, Canberra, Western Sydney and Wollongong universities.
Commencing in 2014, the program will see approximately 20 students receive an annual scholarship of $15,000 per student.
“Raising the educational and professional standards of financial planners is a very clear focus for the FPA community,” said FPA chief executive Mark Rantall.
“That is why we were so pleased to launch the National Accreditation and Curriculum Framework for financial planning degrees in November last year.
“The framework created a clear relationship between academia and the financial planning profession, and gave universities a clear understanding of the high standards of learning and graduate outcomes expected of financial planners.”
