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Kaplan offers fee support for advisers

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Major training group Kaplan Professional will freeze its retail enrolment subject fees and offer negotiated pricing for corporate groups as part of its support for financial advisers during this difficult economic period.

The financial planning education provider says the measures, which also allow advisers to lock in the price of their enrolment fees, will help those who intend to invest in new qualification requirements.

A majority of advisers have indicated they are planning to meet the requirements of the Financial Adviser Standards and Ethics Authority (FASEA) despite the pandemic disruption.

Last month Parliament passed a bill to give advisers more time to meet FASEA’s requirements. They will now get a one-year extension to January 1 2022 to pass the FASEA exam and a two-year extension until January 1 2026 for them to meet FASEA education requirements.

“Although advisers appreciate the extensions, they are expressing a preference to not have these education commitments hanging over them for the next five to six years,” Kaplan Professional CEO Brian Knight said.

More than 2000 advisers have enrolled in the six annual intakes offered by Kaplan since the FASEA requirements were confirmed.