ASFA course targets retirement-phase planners

ASFA chief executive Pauline Vamos.


By Elizabeth Somerville

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The Association of Superannuation Funds of Australia (ASFA) has unveiled a new qualification targeted at financial planners advising in the post-retirement space.

The Certificate IV course, launched today, would provide planners, administrators and contact centre staff working for super funds and other service providers with the necessary tools to support the changing needs of their members, ASFA chief executive Pauline Vamos told financialobserver.

“We have been advocating for quite some time that advisers should have a special qualification for providing retirement advice,” Vamos said.

“We also know that the system will be moved towards income streams and that many funds are developing or looking at developing income stream products.

“We want to provide a course that would suit financial advisers and fill the knowledge and information gap for product developers and other specialists across the industry around the post-retirement space.”

The syllabus would address the whole post-retirement spectrum, including housing, health care, aged care, product development and income streams, which made it a unique offering in the marketplace, she said.

As such, it had received a tremendous amount of interest from the industry, she added.

“We would like to see at least 15 to 20 per cent of financial advisers across the industry undertake this course,” she said.

“We would like to see the vast majority of funds have a few of their people undertake the course [as well].”

The curriculum would be offered online through distance education as well as face-to-face, a method she expected corporates to adopt.

“We really tried to build as much flexibility into the course as possible,” she said.

“Learning today is about delivering content and skills in a way that suits organisations and/or individuals.”

Further, ASFA expected the course to obtain full accreditation with RG 146 in due course, she said.

“This conversation [on post-retirement] is now urgent,” she said.

“I’m very excited about this course; [it’s] not a compliance course, it’s a comprehensive course on retirement.

“It is a great tool for people across the industry - an incredibly valuable tool for anybody speaking to people planning retirement.”

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