RG146 Course Outline (previously PS146)
As per ASIC Regulatory Guide 146 (RG146), accountants and other financial advisors are not permitted to provide financial advice to members of the public without an approved level of education in the area in which they’re providing advice.
There are various courses which provide different levels of RG146 compliance, but there is one course which has become the industry standard. This course is the Diploma of Financial Services (Financial Planning). The Diploma provides the highest level of RG146 compliance and is an excellent grounding for Financial Planners.
In addition to the educational requirement, to provide financial advice and gain commission from financial products, you must hold an Australian Financial Services licence or be an Authorised Representative.
What you get with the Diploma of Financial Services
Successful completion of the Diploma of Financial Services (Financial Planning) provides you with full RG146 compliance. This compliance authorises you to provide general and personal advice in the following major financial product areas:
> Derivatives
> General Insurance
> Generic Knowledge
> Life Insurance
> Managed Investments
> Securities
> Superannuation
With the Diploma, you gain a nationally recognised and accredited TAFE level qualification and become a qualified Financial Planner.
You receive well written, thoroughly researched, ASIC approved, learning material. This material is designed to be kept as an ongoing reference, for use as issues arise in practice. The material has been developed by highly-trained and experienced education and finance professionals.
Course content
The Diploma of Financial Services (Financial Planning) contains 4 modules:
1) Financial Planning: Principles & Practice (D0601)
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Introduction to Financial Planning & Compliance
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Introduction to Financial Products & Investing
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Economic Fundamentals
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Introduction to Taxation
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Introduction to Superannuation
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Introduction to Retirement Income Streams & Social Security
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Introduction to Estate Planning
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Final Planning Process & Skills
2) Risk Management (D0602)
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Introduction to Insurance
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Risk Management Processes & Concepts
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Risk Management & The Australian Legislative Environment
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Types of Insurance
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Business Insurance
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Underwriting & Claims
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General Insurance
3) Investment Fundamentals (A0603)
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Introduction to Risk, Return & Interest Rates
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Fixed Interest Securities
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Managed Investments
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Securities
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Derivatives
4) Superannuation, Retirement Planning & Social Security
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Superannuation Overview
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Superannuation Accumulation
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Reasonable Benefit Limits
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Retirement Income Streams
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Death Benefit ETPs
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Social Security Click here to view module descriptions
Course provider
InterPrac’s training partner is Pinnacle Financial Services Academy. Pinnacle is a Registered Training Organisation (RTO# 91217) with offices in Sydney and Melbourne. Pinnacle is owned and operated by a Certified Financial Planner and specialises in financial services training. Pinnacle is listed on the ASIC Training Register.
All awards issued by Pinnacle carry the logo above.
This logo demonstrates that the award is recognised throughout Australia as having met the high standards of the Australian Qualifications Framework.
Course delivery
The Diploma of Financial Service (Financial Planning) is delivered via Distance Learning.
With Pinnacle Distance Learning courses:
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There is UNLIMITED phone & email support 8AM to 8PM – 7 days a week
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You receive high quality printed manuals for the learning material
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There is no need to visit an exam centre - assessments are completed online.
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There is no charge for the first resubmission of any assessments
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The study is self paced, fully flexible, and completed in your own time
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No travel is required
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You have one year to complete the course
Course assessment
There are three components in the assessment for the Diploma of Financial Services (Financial Planning):
1) Online multiple choice questions
2) One case study based project per module
3) An over-the-phone mock financial advice session
Course cost
The Diploma of Financial Services (Financial Planning) is normally over $2,100 within the industry, but as a special deal for NTAA members, InterPrac is offering the course for $1,800.
Click here to download an enrolment form