CP 153 Licensing: Assessment and professional development framework for financial advisers
Released 6 April 2011. Comment closed 1 June 2011.
This consultation paper seeks feedback on our proposed assessment and professional development framework for financial advisers in Australia. The proposed framework is intended to enhance and maintain the competence of financial advisers, lead to improvements in the quality of advice and increase consumer confidence.
The paper includes an outline of the current training and competence requirements for financial advisers under Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146), informal consultation we have undertaken and a proposed three-stage assessment and professional development framework.
Our proposals may be of interest to existing and new financial advisers, Australian financial services (AFS) licensees, authorised representatives, training organisations and consumers of financial advice.
Download the paper (PDF) | Read the media release
| Submissions | |
1 |
ANZ |
|
2 |
Association of Financial Advisers Ltd |
|
3 |
Association of Superannuation Funds of Australia Ltd |
|
4 |
Australian and New Zealand Institute of Insurance and Finance |
|
5 |
Australian Bankers' Association |
|
6 |
Australian Financial Markets Association |
|
7 |
Australian Institute of Financial Services and Accounting Pty Ltd |
|
8 |
Australian Institute of Superannuation Trustees |
|
9 |
Bell Potter Securities |
|
10 |
Bruining, Nick |
|
11 |
CFA Society of Sydney |
|
12 |
CPA, ICAA and IPA (the Joint Accounting Bodies) |
|
13 |
Deloitte Touche Tohmatsu |
|
14 |
Ernst & Young |
|
15 |
FIIG Securities Limited |
|
16 |
Financial Education Professionals |
|
17 |
Financial Ombudsman Services Limited |
|
18 |
Financial Planning Association |
|
19 |
Financial Review Professional Education |
|
20 |
Financial Services Council |
|
21 |
Financial Services Institute of Australasia |
|
22 |
Financial Services School |
|
23 |
Grant Samuel and Associates Pty Ltd |
|
24 |
Houterman, Beverly | Addendum |
|
25 |
IG Markets Ltd |
|
26 |
IOOF |
|
27 |
Innovation and Business Skills Australia |
|
28 |
Insurance Council of Australia |
|
29 |
Kaplan Professional |
|
30 |
Mentor Education Group |
|
31 |
MLC |
|
32 |
National Information Centre on Retirement Investments Inc. |
|
33 |
National Insurance Brokers Association |
|
34 |
Plan B Group Holdings |
|
35 |
Professional Investment Services Pty Ltd |
|
36 |
Q Invest |
|
37 |
Rigoni, Maria |
|
38 |
Stockbrokers Association of Australia |