Even though most of the Dixons Advisory complaints are yet to be submitted, the CSLR has already allocated a $24 million bill to the industry. Good financial advisers will be forced to pay for the nefarious and neglectful acts of bad ones for years to come.
After years of regulatory turmoil and a violently shifting business landscape, the advice industry may be on the cusp of a relatively calm period. For advisers, this could be the right time to reflect, revise and even reset their business.
SMSFA partners with Deakin and Kaplan
Deakin University, the largest provider of postgraduate qualifications to the financial planning sector this week announced a partnership with the SMSF Association.
Along with Kaplan Professional, Deakin will allow students in their Master of Financial Planning degrees to complete SMSF Association accredited requirements. The course will include a unit that meets the educational requirement to gain the SMSF Specialist Adviser designation (SSATM).
Regarded as the ‘symbol of excellence’ in the industry, the SSA accreditation and inclusion in degrees is another step towards professionalisation and potentially a reduction in the overlap of educational requirements.
Commenting on the partnership, SMSF Association CEO John Maroney said “We are thrilled to partner with Kaplan Professional and Deakin University to further enhance education standards and professionalism in the SMSF sector.
“We have always maintained SMSF advice should be underpinned by specialist education and these new partnerships offer a professional pathway for financial planning students wanting to obtain both a Master of Financial Planning degree and the SMSF Association’s SMSF Specialist Advisor designation” he says.
Commenting on the announcement, Kaplan Professional CEO Brian Knight says: “We are delighted to be able to offer more choice and depth in specialist expertise to advisers, providing the opportunity to achieve our highly-regarded Master of Financial Planning together with this industry-leading SMSF advice designation.
Marc Olynyk, Financial Planning Program Director at Deakin University, says: “The University is excited to announce this partnership with the SMSF Association that allows Deakin financial planning students to complete the SSA educational requirements as an elective option within their Master of Financial Planning degree so they can graduate with an academic qualification and an SMSF Specialist Advisor designation.
“The SMSF sector is one of the fastest-growing sectors of the superannuation industry and having a recognised designation to provide professional and competent SMSF advice is becoming increasingly important for advisers.”
