With $10,000 prize money at stake, the competition is aimed at driving higher professional standards in financial planning, AMP said in a statement.
All competitors were required to submit financial plans for hypothetical clients, following proper advice processes while showing the advice was in the client’s best interests.
The final stage of the challenge includes a technical quiz, a formal presentation on a topical industry issue, and a mock advice interview where finalists have to present a financial plan to a client.
The entries come from Deakin University, TAFE NSW, Griffith University and Central Queensland University.
There are two teams and three solo competitors.
“We’ve had a record number of entries this year, so the competition has been hotter than ever to score a place in the top five,” AMP head of education, capability and careers Rod Edge said.
A record 213 students entered the competition, which is now in its ninth year.
[quote=Anonymous]Dear Sydneysider. Pleae be more honsest in the future and disclose that you are a staff member at AMP>[/quote][quote=Anonymous]Dear Sydneysider. Pleae be more honsest in the future and disclose that you are a staff member at AMP>[/quote]
An incorrect assumption – as I said I do not know the guy in question Rid Edge. I have actually been retired for many years
Dear Sydneysider. Pleae be more honsest in the future and disclose that you are a staff member at AMP>
Rod Edge is a lovely man who was previously in the training dept at MFAA. Sadly, he works for a business that is dishonest to a degree bordering on fraudulent with its advisers, clients, and the regulators alike. My advise to anyone dealing with this business in any capacity whatsoever is to RUN!
I was an AMP indentured servant for ten years. I actually did not realize how rewarding financial planning could be until I left AMP. Never again!
Dear Sydneysider, oh, now I see. You must be a share holder. Good luck with that. Game over I’m afraid.
Dear anonymous – you are implying a situation re an individual about whom you know little. Do you think other professionals use blogs like this to denigrate people who are doing something positive fir the advice world. Put simply your comments are not helpful as advice tries to gain ground in the mind of the consumer. I don’t know the guy but still find your comments not helpful. You need to also check your facts as I don’t believe it has been Australian Mutual Provident since 1998.
Dear Sydneysider, please inform me what is jaundiced about a factual statement as to the (woeful absence of) qualifications of the person who is running this program at AMP?
I truly hope you are a civilian and not an advice professional who does not know better than to be absolutely terrified about the type and quality of people who run Australian Mutual Provident.
The negative comments on this story just highlight the issues we have. Here is a positive story about the future and all you get are brainless comments from jaundice individuals. You want a profession – you have a long way to go.
Hopefully, for their sakes, a non-AMP person will get to these kids BEFORE they sign up
LinkedIn profile for Rod Edge, Head of Advice Education, Capability and Careers at AMP
– Holds a Bachelor of Adult Education from UTS as his only qualification
– No advice experience
– No Financial Planning qualifications
– Not registered with the TPB
– Not on the FAR and not eligible to sit the National Exam
What better person to interact with University Students to drive higher professional standards?
How would the AMP executives who judge this know what would be in the clients best interest?