Swinburne’s financial planning courses receive accreditation
In Summary
- Swinburne business degrees with financial planning majors accredited by Financial Planning Education Council
- Degrees meet new Australian Government education standards for financial planners
- New requirements take effect on 1 January 2019
The Financial Planning Education Council (FPEC) has accredited Swinburne’s business degrees with a major in financial planning.
The accreditation acknowledges that these degrees meet the new education standards for financial planners that are required by the Australian Government.
The courses are:
- Bachelor of Business with a major in Financial Planning
- Bachelor of Business with a major in Accounting and Financial Planning
- Bachelor of Business (Professional) with a major in Financial Planning
- Bachelor of Business (Professional) with a major in Accounting and Financial Planning
The university worked closely with the Financial Planning Education Council and others to develop its latest financial planning education offerings.
“Our courses will give graduates the tools they need to provide tailored, professional financial advice while navigating complex financial matters and ever-changing industry regulations,” says Pro Vice-Chancellor for the Faculty of Business and Law, Professor Michael Gilding.
Studies will cover the theoretical components of financial management, taxation, ethics, retirement planning, estate planning, insurance and investments.
Students will learn how to manage client relationships through group activities, while industry guest speakers will provide real-world insights into a career as a financial planner.
Students are also eligible to apply for membership of the Financial Planning Association of Australia.
Government Reforms
In 2017 the Australian Government set out a number of reforms to lift the professional, educational and ethical standards of financial advisers.
The new requirements for financial planners and advisers will begin on 1 January 2019.
From this date new advisers will be required to hold a relevant degree before they are eligible to begin the supervision year and to sit the exam.
Existing advisers will have two years, until 1 January 2021, to pass the exam and five years, until 1 January 2024, to reach a standard equivalent to a degree.
About the FPEC
The Financial Planning Education Council has the authority to approve individual programs that satisfy requirements for admittance to the FPA membership category Financial Planner AFP® and for entry into the CFP® Certification Program. Programs recognised in this way are eligible for recognition with the Registered Trademark of the Financial Planning Education Council.