What is RG146 compliance?
What is RG146 compliance?
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.
How long does it take to complete RG146?
Learners have six months to complete ASFA’s RG 146 Superannuation course. Those with prior superannuation industry experience may complete the course in less time. The estimated time commitment for the whole course is approximately 20 hours (including self-directed study time).
Who is responsible for RG146?
Regulatory Guide 146 (RG 146) on Training of financial product advisers, formerly known as policy statement 146 (PS 146) is an Australian financial regulation issued by the Australian Securities and Investments Commission (ASIC) related to the minimum training required by individuals selling financial products.
Which regulator would issue an Australian financial services Licence?
ASIC
ASIC assesses applications for AFS licences as part of our role as regulator of the financial services industry.
What qualifications do you need to be a financial advisor?
Financial advisors are expected to hold a bachelor’s degree in a specific field. These fields include finance, business, economics, accounting or mathematics, amongst others. After completing your bachelor’s degree, it’ll be time to focus on completing financial advisor training.
What can I do with RG146?
Who does RG146 compliance apply to?
- Provide general advice in Derivatives, Securities, Managed Investments, Foreign Exchange or Superannuation.
- Provide personal advice to retail clients in Insurance Broking, General Insurance and/or in Deposit Products & Non-Cash Payment Products only.
What does a financial services guide tell the customer?
A guide that contains information about the entity providing you with financial advice. It should explain the financial service offered, the fees charged and how the person or company providing the service will deal with complaints.
What can you do with an 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
What is the RG146 financial planning qualification?
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.
Are there any RG146 courses in Sydney?
Studying RG146 in Sydney has never been easier. Choose a course from our range of nationally recognised providers, and receive all the information you need to move towards your best future. Can’t Find the Course You’re Looking for? Try the Navigator Tool to match you with tailored courses, based on your needs. No RG146 Courses in Sydney found.
What is an advanced diploma in RG146?
Advanced Diploma. Those looking to sharpen their skills and advance their career prospects even further will be well served by an Advanced Diploma in RG146. These nationally-recognised programs can be completed in 12-24 months and meet RG146 standards at both Tier 1 and Tier 2 levels. Due to their high-level status,…
