{"id":27223,"date":"2014-08-26T17:21:43","date_gmt":"2014-08-26T07:21:43","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=27223"},"modified":"2014-08-27T07:20:39","modified_gmt":"2014-08-26T21:20:39","slug":"higher-adviser-education-standards-will-you-comply","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2014\/08\/26\/higher-adviser-education-standards-will-you-comply\/","title":{"rendered":"Higher Adviser Education Standards &#8211; Will You Comply?"},"content":{"rendered":"<div id=\"polls-127\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Will you be prepared to undertake further studies to meet new minimum education standards being mandated for authorised representatives?<\/strong><\/div><div id=\"polls-127-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(47%)<\/small><div class=\"pollbar\" style=\"width: 47%\" title=\"Yes (47% | 137 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(34%)<\/small><div class=\"pollbar\" style=\"width: 34%\" title=\"No (34% | 99 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(20%)<\/small><div class=\"pollbar\" style=\"width: 20%\" title=\"Not sure (20% | 58 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_127_nonce\" name=\"wp-polls-nonce\" value=\"e59e1bcbeb\" \/>\n<\/div>\n\n<p>Our latest poll is talking to advisers whose existing qualifications fall short of the new minimum education standards announced in recent weeks.<\/p>\n<p><!--more-->In what has been a flurry of self-regulation by the Commonwealth Bank, AMP, NAB and BT Financial Group, the bar has been raised for the minimum qualifications required for advisers operating under dealer groups owned by the big end of town (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2014\/08\/26\/large-institutions-move-on-advice-education-standards\/\">Large Institutions Move on Adviser Education Standards<\/a>).<\/p>\n<p>If you&#8217;re an adviser whose qualifications do not meet these new education levels, regardless of which licensee you presently operate with, do you have any concerns?<\/p>\n<p>While the apparent catalyst for this current round of initiatives stems from the negative publicity associated with the headline-grabbing <a href=\"https:\/\/riskinfo.com.au\/news\/2014\/07\/03\/cba-apologises-commits-to-client-remediation-program\/\">CBA advice scandal<\/a>, these announcements reflect what has been a consistent ground-swell of calls for the industry to act on raising adviser education standards &#8211; for the sake of the consumer and for the credibility of the advice sector.<\/p>\n<p>There are multiple issues associated with these new standards, such as appreciating the differences between qualifications and designations and determining the extent to which advisers will be able to choose the qualification that meets the new standards, and also best reflects the nature of the advice they deliver. Riskinfo will consider and report on all these\u00a0 issues &#8211; but in the meantime, looking at the question of whether you would be prepared to undertake more studies to meet these higher minimum standards, are you on-board?&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our latest poll is talking to advisers whose existing qualifications fall short of the new minimum education standards announced in recent weeks.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6,49],"tags":[],"class_list":["post-27223","post","type-post","status-publish","format-standard","category-compliance-regulation","category-dealer-groups","category-polls"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/27223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=27223"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/27223\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=27223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=27223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=27223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}