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New guide to adviser education launched

This week the Professional Advisers Association (PAA) will launch a “comprehensive, user-friendly guide” detailing the best way for advisers to achieve the coming educational standards.

Monday, March 22nd 2010, 7:14AM

by David Chaplin

PAA chief executive Edward Richards said the Educational Guide booklet will give clarity around education standards.

"There is an array of information floating around on the education side of the deal, but there's nothing that drives home, loud and clear, what is that advisers needs to do and how they are placed," Richards said. "Advisers may need 400 - 500 hours of part-time study to meet the standards - and experienced operators are not exempt by any means."

He said the guide gives "independent guidance" on the most suitable educational pathway for advisers, according to their own specific needs.

"Achieving the new educational standards could be time-consuming and rushed if you don't understand your pathway. Get qualified, get it done and got on with your profession - that's our message," Richards said.

The booklet will be the first in a series of measures that the PAA has developed to assist advisers in an extremely busy year, he said.

"We have studied what's in the marketplace compared to what's in the regulations - and there are some confusing messages. We are determined to cut through that noise by delivering industry checklists and templates to help advisers across all sectors adapt to compliance," Richards said.

 "This is not a year when you can succeed on your own, at least not easily. We are all in it together."

The guide will be released at this week's PAA Roadshow. Dates can be found here

Tags: regulation

« Code committee puts back release dateSecurities Commission tries to clear up definition of advice »

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