Kaplan Professional launches new scholarship scheme

The education provider’s new scholarship will be available to advisers working towards meeting the Financial Adviser Standards and Ethics Authority’s (FASEA) education standard and entitles them to $100 that will go towards the tuition fee for each higher education financial planning subject studied for the remainder of 2021.

“When the FASEA education requirements first came about, we immediately reduced our subject enrolment fees and made our qualifications as affordable as possible for our corporate clients and their advisers,” Kaplan Professional chief executive, Brian Knight, said.

“Regulatory and compliance costs are continually increasing for licensees and advisers; then you have the cost of the FASEA exam and the education requirements.

“We hope this scholarship scheme can go some way towards alleviating the significant pressure that is already on advisers.”

The scholarship scheme will be available for three intakes – study period 4 (5 July), study period 5 (30 August) and study period 6 (8 November) – and comes on the back of 3,000 advisers using Kaplan’s free preparation resources for the FASEA exam.

“After passing the FASEA exam, advisers then have to face the education requirements and cost; we think some advisers are weighing up their next steps,” Knight sad.

“We thought about what we could do to help them.

“We have introduced this scholarship scheme in the second-half of 2021 to help advisers get started with their studies and build some confidence and momentum.”

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.