{"id":32039,"date":"2016-01-12T20:44:58","date_gmt":"2016-01-12T10:44:58","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32039"},"modified":"2016-01-13T09:49:49","modified_gmt":"2016-01-12T23:49:49","slug":"different-educational-requirements-for-risk-advisers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/01\/12\/different-educational-requirements-for-risk-advisers\/","title":{"rendered":"Different Educational Requirements for Risk Advisers?"},"content":{"rendered":"<div id=\"polls-156\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>In future, should the minimum educational qualifications for risk-focused advisers differ from those required of more holistic financial planners?<\/strong><\/div><div id=\"polls-156-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>Yes <small>(72%)<\/small><div class=\"pollbar\" style=\"width: 72%\" title=\"Yes (72% | 152 Votes)\"><\/div><\/li>\n\t\t<li>No <small>(25%)<\/small><div class=\"pollbar\" style=\"width: 25%\" title=\"No (25% | 53 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(2%)<\/small><div class=\"pollbar\" style=\"width: 2%\" title=\"Not sure (2% | 5 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_156_nonce\" name=\"wp-polls-nonce\" value=\"6590fd952d\" \/>\n<\/div>\n\n<p>Our first poll of 2016 explores the complex question of whether risk-focused advisers should be considered differently from their &#8216;financial planner&#8217; peers when it comes to minimum educational requirements.<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_32048\" aria-describedby=\"caption-attachment-32048\" style=\"width: 150px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-32048\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/01\/Don-Trapnell-2.jpg\" alt=\"Synchron's Don Trapnell. Should he be required to obtain higher qualifications?\" width=\"150\" height=\"180\" \/><figcaption id=\"caption-attachment-32048\" class=\"wp-caption-text\">Synchron&#8217;s Don Trapnell. Should he be required to obtain higher qualifications?<\/figcaption><\/figure>\n<p>This question (to which there is no right or wrong answer) is being driven by arguments raised by risk-focused industry leaders in response to the Government&#8217;s draft <a href=\"https:\/\/riskinfo.com.au\/news\/2015\/12\/08\/draft-legislation-on-professional-standard-still-raises-questions\/\" target=\"_blank\">legislation on professional standards<\/a>. This proposed legislation is deemed by the Government to be required to raise the educational, training and ethical standards for financial advisers to a level acceptable to the broader community.<\/p>\n<h6>&#8230;the Federal Government presupposes that financial planners and risk writers are in the same discipline<\/h6>\n<p>Synchron&#8217;s <strong>Don Trapnell<\/strong> has\u00a0 <a href=\"https:\/\/riskinfo.com.au\/news\/2016\/01\/12\/risk-education-should-be-separated-within-legislation\/\" target=\"_blank\">weighed in to the debate this week<\/a>, arguing that the proposed Education Standards Bill should streamline educational pathways for differing disciplines. Trapnell says the Federal Government presupposes that financial planners and risk writers are in the same discipline &#8220;&#8230;but they are not,&#8221; he says.<\/p>\n<p>This is the crux of the argument, on which advisers, regulators, politicians and consumers will debate. That is, should life insurance be considered a sufficiently different form of financial advice to require it to be streamed as an effectively different &#8216;discipline&#8217; when it comes to the educational criteria required for that advice conversation. Or should all advisers (authorised representatives), irrespective of the nature of their advice proposition, be held to the same minimum educational qualifications?<\/p>\n<p>Trapnell uses his own industry history as a point in favour of his argument. Citing his qualifications, experience and record, Trapnell asks: &#8220;&#8230;why should I and risk advisers like me have to\u00a0re-train?&#8221; One answer to this question is that this may be required of Trapnell and other long-standing, dedicated advisers in order to atone for the sins of a few, so that the broader community will regain its trust in financial advisers following the damage inflicted on their reputation by those few.<\/p>\n<p>Is this fair? Or should minimum educational qualifications be determined by the nature of the advice proposition?<\/p>\n<p>As always, we&#8217;re in your hands. Cast your vote and make your voice heard on this difficult question.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our first poll of 2016 explores the complex question of whether risk-focused advisers should be considered differently from their &#8216;financial planner&#8217; peers when it comes to minimum educational requirements.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49],"tags":[],"class_list":{"0":"post-32039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-compliance-regulation","7":"category-polls"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32039","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=32039"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32039\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}