Not going to happen G: “Ms Orr told the commission only 35 per...

Not going to happen G:
“Ms Orr told the commission only 35 per cent of financial advisors had informed ASIC that they had a university degree of bachelor level or above.

There are new education requirements coming in on January 1, 2019, which will be monitored by a Commonwealth standard setting body.

New financial advisers must have a relevant university level degree and sit an exam.

Existing advisers will have two years from 2019 to pass the exam and must reach a standard equivalent to a relevant university degree by January 1, 2024.

A new code of ethics will come into force on January 1, 2020.”
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75% of Financial Planners are not qualified:
They will need the tools IAM provides to attend further studies...lmo