How do I get RG146 compliant?
Tier 1 RG146 programs To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in. Each program is offered 100% online by self study via our learning portal, FEP Online. Click on the ‘+’ to find out more.
What is RG146 compliance in Australia?
RG146 stands for Regulatory Guide 146, and is a mandatory licensing regulation required for anyone who sells financial product advice to clients in Australia. This can include advising clients on anything from superannuation, life insurance and securities through to margin lending and managed investments.
Who needs RG146 compliant?
This guide is for: advisers (i.e. Australian financial services (AFS) licensees and representatives who provide financial product advice to retail clients), and. providers of training and education for advisers.
How long does it take to get RG146?
General Advice: Individuals have a total of: 12 weeks to complete the learning and assessment requirements for the Tier 1 Financial Planning – General Advice subject, from their initial activate date.
What has replaced RG146?
This regime has effectively replaced ASIC RG146 and imposes additional requirements for financial advisers to consider. FASEA is responsible for implementing and overseeing this regime. FASEA will approve qualifications, set the standardised industry exam and CPD requirements and draft the Code of Ethics.
Who can give financial advice in Australia?
A person or organisation providing financial advice in Australia must hold an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC), or they must be the authorised representative of a licence holder.
How do I become a financial advisor in Australia?
Financial planners and advisers in Australia need to meet the minimum standards set by the Australian government. This includes an approved Bachelor degree or higher, a professional year of supervised experience, and an exam set by the Financial Adviser Standards and Ethics Authority (FASEA).
What is Tier 1 accreditation?
The Tier 1 programme is ASIC accredited and part of Diploma of Financial Services FNS50107, a nationally recognised qualification under the Australian Qualifications Framework. This course is aimed at current broking staff wishing to attain a Tier 1 (Insurance Broking) accreditation.
Is RG146 still relevant?
The minimum training standards for financial advisers set out in Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146) will generally continue to apply to existing financial advisers until the professional standards apply.
What has replaced RG 146?
Is RG 146 still relevant?
Is it worth paying for a financial advisor Australia?
If you have more complex financial needs, you should expect to pay more for financial advice than others whose needs are more straightforward. Financial advisers can set their own fees, so it’s worth shopping around.
What can you do with a RG146 certification?
Better yet, your RG146 training can lead to far more than just a financial planning career; in fact, jobs for those who are RG146 certified can include any of the following: Financial Planner Client Services Consultant Financial Adviser Compliance Officer Product Manager
Do you need RG146 for financial planning in Australia?
If you have your heart set on a career in financial planning in Australia you will be legally required to meet a set of minimum standards known as the RG146 qualification. We’ve got all you need to know in obtaining this financial qualification as well as some quality RG146 courses right here to get you started in your career today.
What does RG146 stand for in Regulatory Guide 146?
RG146 stands for Regulatory Guide 146, and is a mandatory licensing regulation required for anyone who sells financial product advice to clients in Australia. This can include advising clients on anything from superannuation, life insurance and securities through to margin lending and managed investments. RG146 was created by…
Is there a delivery mode for TAFE courses?
No matter what level of qualification or delivery mode you’re after, there’s an option to suit anyone’s needs and prior commitments.