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Welcome
In 30 Countries…
Since 1938We’ve helped build the futures of over
1,000,000students
…across 400 locations
One success story at a time
Professional & Education Standards for Financial Advisers
Legislative changes
Proposed Financial Adviser Standards
2017 2018 2019 2020 2021 2022 2023 2024
FASEA
Standards set
5. Code of ethics and monitoring schemes
New Advisers
Existing Advisers
Existing Advisers
Minimum standard mandates completion of
a degree
25,000+ advisers registered will be required
to pass the exam
Meet full education standards
1. Qualification2. Adviser exam3. CPD4. Professional year
5. Code of ethics and monitoring schemes
Some impacts over the next few years
For existing advisers They have until 2024 to get to a degree or higher (e.g. our MFP) or the
equivalent bridging course. Kaplan believes bridging courses will be determined by factors such as:
- Existing level of education- Courses completed in designations and other study- Volume of evidenced CPD
For new advisers Diploma of Financial Planning remains valid as an entry point until Jan 2019 Degree level entrants more prominent (already seeing this)
EXAM Role of education
FPA draft pointsAQF level Qualification Points per unit of
studyStandard number
of unitsTotal points
9
Masters/Professional designationApprovedRelevantNon-Relevant
1582
121212
18012024
8
Graduate Diploma/Professional designationApprovedRelevantNon-Relevant
1582
888
1206416
8
Graduate Certificate/Professional designationApprovedRelevantNon-Relevant
1582
444
60328
7Approved degreeRelevant degreeNon-Relevant degree
541
242424
1209624
6 Advanced diploma – financial services 4 4 16
5 Diploma – financial services 2 4 8
CPDCPD must have been accredited and audited by a professional body – minimum of 10 hours per year (must include ethics)
2 points per year (cap – 7 years)
N/A 14 maximum points
Pillars
Qualification
Adviser exam
Continuing ProfessionalDevelopment
Professional year
Code of ethics and monitoring schemes
Kaplan Professional’s end-to-end solution
Bachelor of Financial Advice
QualificationManaged
Professional Year Undertake exam Join code monitoring body Undertake CPD CPD reporting to
all masters
CPD provides building blocks to
further qualifications
Transition Courses Undertake exam Join code monitoring body Undertake CPD CPD reporting to all
mastersCPD provides
building blocks to further qualifications
New Professional:
Existing Professional:
Bachelor of Financial Planning
Year 1: Level 1006 Core, 2 electivesInterpersonal skills, ethical behavior
Year 2: Level 2006 Core, 2 electivesFinancial markets planning and advice
Year 3: Level 3004 Core, 4 electiveComplex and dynamic relationships domestic and globally
1
2
3Total 24 subjects72 credit Points
Choice of 14 electives8 electives in total
Graduate Certificate in Financial Planning
FPC001 Economic Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement AdviceFPC004 Insurance Advice
FPC005 Estate and Succession PlanningFPC006 Tax and Commercial Law for Financial PlanningFPC007 Client Engagement SkillsFPC008 Investment Advice
FPC009 Complex Financial Planning2 electivesKAP001 Research Project
Graduate Certificate in Financial Planning 4
subjects
4 subjects
4 subjects
Graduate Diploma of Financial Planning
Master of Financial Planning
Pathway to Master of Financial Planning
CFP/Master of Financial Planning Pathway
FPC003 Superannuation and Retirement Advice FPC007 Client Engagement SkillsFPC004 Insurance Advice Two (2) electives FPC005 Estate and Succession Planning (excluding FPE019 Governance and Ethics) FPC006 Tax and Commercial Law for Financial Planning KAP001 Research Project
8subjects
Kaplan Masters Subjects
CFP1 FPA Professionalism CFP4 Investment Strategies CFP2 Applied Strategies 1 CFP CertificationCFP3 Applied Strategies 2
Master of Financial Planning +
CFP
4subjects
CFP Certification
FChFP/Master of Financial Planning Pathway
Master of Financial Planning +
FChFP
AFA 1 Business Strategy for Financial AdvisersAFA 2 Client Experience StrategyAFA 3 Advanced Advice SolutionsAFA 4 Professional Conduct & Governance for Financial Advisers
4subjects
FChFP certification
FPC001 Economic Legal and EthicalContext for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement AdviceFPC004 Insurance Advice
8subjects
Graduate Diploma of Financial Planning +
KAP001 ResearchProject
FPC005 Estate and Succession PlanningFPC006 Tax and Commercial Lawfor Financial PlanningFPC007 Client Engagement SkillsFPC008 Investment Advice
Enrolment ProcessPersonalised pathways available
Support tools & Student resources
Currently available
Current Innovative Capabilities
Innovative capabilities
WHY: National exam,Continuing education
Scientific diagnostic with in-depth reporting and just-in-time learning capabilities. Now powered by Ontrack micro-learning.
WHY: National exam,Bridging programs
Adaptive assessment tool to assess prior knowledge of existing advisers for the BFP.
WHY: Continuing Professional Education
Continuing Professional Education for all advisers in a new and personalised platform.
WHY: Code of Conduct,Supervision
Compliance for the Financial Services Industry. Real-time feedback and education.
KUDOS
Welcome email and guide on what to expect in each knowledge area.
56 questions – 7 knowledge areas with 8 questions in each area
Intermediate or mid-level adviser (ADFP or AQF level 6)
2 hours in duration
Online, supervised multiple choice exam.
Reference Guide provides rates & thresholds required in the exam.
Diagnostic Assessment for Financial Advisers
KUDOS Report
OntrackKUDOS Learning, powered by Ontrack
JIT‘Just-in-time’ learning
Response-basedHyperlink provided for incorrect responses
LearningKUDOS Learning article, short MCQ quiz & a certificate.
ContentKUDOS Learning drawn from the comprehensive Ontrack library.
KUDOS Learning
Artemis
Review content against legal requirements & ASIC regulatory guides.
Stand-alone service - no tech integration required.
Written report issued every 30 days summarising activity and findings
Automatically identify potentially non-compliant content on websites.
Access full statistics and analytics online at any time.
Tools to track and manage website content 'fixes'.
Current features of Artemis
Rules as identified by the regulator as high risk and/or through industry consultation.
Design the rules and micro-learning content concurrently. Use the same samples for the rule and the learning. Build rules and micro-
learning content concurrently based on samples.
Machine continues to learn from new errors made by the learner, therefore increasing the number of correct and incorrect samples
Artemis Rule & LearningDevelopment process
01 High Priority Rules
02 Design Phase
03 Build Phase
04 Rollout
Artemis Rule & LearningDevelopment process
Priority rules
Design Build
Rule Samples & Content
Rule Samples
High value regulator rules &industry consultation
Rule & samples designed concurrently
Rollout
Samples used in rule building & content/activities building
Mapping
Machine continues to learn from new errors – new samples available.
Micro-learning
SME Artemis developer Instructional designer
Artemis Micro-learningMicro-learning contextualised and ‘just-in-time’.
Breach
Rectify
2. Learner provided with micro-learning
4. Interactive test
1. Breach recognised
5. Breach rectified
5. Feedback provided
Correct!Provide some feedback here to the learner.
Using qualifiers
3. Interactive video plays
Now consider the following –which is a breach?
Interest rates will definitely
rise
Interest rates will never rise
Interest rates will definitely
rise
Interest rates will definitely
rise
Concept 1
Concept 2
Concept 4
Concept 3
Concept 6
Concept 9
Concept 8
Concept 7
Concept 5
Indi
vidu
alst
uden
t/ex
istin
g ad
vise
r
• Innovative delivery model • Personalised student experience • Individual learning pathway
KITE Adaptive AssessmentIllustration of Adaptive Pathway
Re-imagining Ontrack ContentFocus areas
Short, easily digestible and focused units of content. Engaging, interactive and easily accessible.
Delivery
Depth
Culture
Micro-learning
New contemporary style, completely digital and using a range of multimedia interactions.
Increasing areas covered, levels of difficulty, depth of coverage and specialty libraries.
More than a compliance tick and in line with current innovations in education.
Ontrack
Personalised & real-timeBold new interface
Integration of professional
education, AI and micro-
learning
Multiple training plans
New speciality content
Mobile friendly
AB Financial
AB Financial
AB Financial Group 1
Eleven – Extraordinary Leaders will ExcelExecutive leadership program leveraging latest learnings and science
The Future
Where are we heading
Ontrack - The Learning Hub
DataAccumulating data about the learner
DNATaxonomy of content
ActivitiesFormal & Informal
KUDOS | Assessment | Interactions
Learner ProfileKey identifiers
AnalyticsKey insights
Centre of Learning and Point of Lifelong Learning
ContentMicro & MacroCPD| Qualifications|11Eleven
The Ontrack Hub is learner centric and encompasses all learning
LearnerCentric
Macro-learningQualifications
ArtemisOn-the-job
11ElevenLeadership capabilities
Micro-learningRecognition
CPDProfessional development
ConferencesInternal and external
KUDOSDiagnostic
Internal trainingEmployer generated
Content DataActivities DNAUserprofile
DataAccumulating data about the learner
DNATaxonomy of actions
ActivitiesFormal & Informal
KUDOS | Assessment | Interactions
Learner ProfileKey identifiers
AnalyticsKey insights
ContentMicro & MacroCPD| Qualifications|11Eleven
Content DataActivities DNAUserprofile
GIPGateway Integration
protocols
ArtemisKITEThird party
AnalyticsPersonalised
Pathways
Learner Insights
Level 1Learning
objects
Level 2Foundational
skills
Level 3Learning
objectives
FS1 FS2 FS3 FS4 FS5
Qualification
LO1LO2LO3LO4
LO5LO6LO7LO8
LO9L10L11L12
L13L14L15L16
FS6 FS8FS7
Content DNAPersonalised pathways and learning recommendations
Learner Insights
Recommended for you
John, you seem to learn best through the interactive activities. Here are some other activities which may interest you.
Data
Personal insights about the
learner
How the learner consumes information
Learning habits, such as time spent, day etc.
Collected over time
Personalised
Behaviour
Habits
Partnerships
Our Association partnerships
Our corporate partnerships
Questions
Thank you