AMP SMSF has partnered with the SMSF Association to launch an SMSF education and accreditation program for AMP-aligned advisers and their support staff, commencing this week.
The program will be open to AMP’s 3,800 aligned advisers with the up-skilling to be certified by the SMSF Association.
AMP SMSF managing director Natasha Fenech said the program would build upon AMP SMSF’s existing face-to-face SMSF specialist course, with the program now including the SMSF Association accreditation exam that awards advisers with SMSF Association SMSF specialist adviser accreditation designation.
The launch of the program follows the announcement by AMP in August last year that all existing and new advisers must hold a Certified Financial Planner (CFP), a Fellow Chartered Financial Practitioner (FChFP) or Masters in Financial Planning (MoFP) qualification by 31 December 2019 for existing advisers or within five years of joining an AMP practice for new advisers.
Advisers who successfully complete the association’s accreditation exam will be awarded the SMSF Specialist Adviser (SAA) designation. Advisers will also be required to join the SMSF Association.
SMSFA chief executive and managing director Andrea Slattery said every Australian had the right to quality of life in retirement and that the emergence of SMSF specialists is critical to achieving this goal in the sector of the SMSF market.
“This education option being offered to AMP advisers and their support staff demonstrates AMP’s acknowledgment of the importance of the SMSF specialist and its ongoing commitment to raising competency standards,” said Ms Slattery.
***Correction*** An earlier version of this story mistakenly said Andrea Slattery is the managing director of AMP SMSF. In fact, Natasha Fenech is.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 21 Aug 2016Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 21 Aug 2016Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- 18 Aug 2017Contributions triple in June quarter, survey showsBy Staff Reporter
- view all
- ATO locks in details, addresses panic on real-time reporting
The tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
- Data feeds unreliable for new reporting, says mid-tier
With an estimated 20 per cent of SMSFs still encountering errors from data feeds, one mid-tier firm believes the ATO should allow SMSF pract...read more
- view all