Financial Planning Education Council (FPEC)

Established by the FPA in 2011, FPEC is an independent body chartered with raising the standard of financial planning education and promoting financial planning as a distinct learning area and a career of choice.

FPEC comprises financial planner practitioners and academics. It advises universities who are applying for FASEA accreditation of courses and provides industry support to academia, including support for academic research.

FPEC Governance

FPEC comprises academics and industry professionals. It is overseen by acting Chair Sharon Taylor, Associate Professor, Western Sydney University and provides advice to the FPA Board.

FPEC ACTIVITIES

FPEC seeks to raise the standard of financial planning education and promote financial planning as a distinct learning area and a career of choice for new students and career changers by:

  • Driving the development of university-level financial planning programs through the provision of advice for universities undergoing FASEA accreditation, and by liaising with and assisting FASEA on educational matters.
  • Supporting structures within the university environment to build financial planning as a discipline by supporting research forums, research grants and by supporting FPA Academic Awards.
  • Encouraging industry engagement with academia by promoting the university and industry partnerships, representing academics to regulatory bodies, supporting conferences and activities which bring academia and professional practice together.
  • Encouraging the growth of enrolments in financial planning courses by promoting financial planning as a career path to university and high school students, seeking to develop and grow scholarship funds, supporting the growth of internships and professional year placements for graduates.

FPEC Research Grants for Academics

FPEC established an annual grant scheme in 2014, which is currently sponsored by the FPA and NAB. Grants of up to $5000 each support the development of financial planning as an academic discipline.

Questions? Contact [email protected]

Applications

The topics for the 2019 research grants scheme are:

1.    The impact of increased regulation on the financial planning profession

  • With a particular interest in any of the following sub-topics: –
  • The impacts of Royal Commission recommendations around remuneration on clients’ ability or willingness to pay for advice
  • The effect of having seven regulators
  • How the higher education standards for advisers affect client satisfaction, conversion or willingness to pay for services
  • An investigation into the time and non-monetary impact on business due to increased compliance and regulatory costs

2.     Aged care and financial planning

  • With a particular interest in any of the following sub-topics: –
  • Elder abuse and associated issues that financial advisers face when engaging in financial planning in aged care
  • Centrelink implications for aged care and financial planning

The timeline for 2019 applications is below:

Activity Timing
Submission of EOIs 30 August 2019
The Grants Sub Committee evaluates EOIs and invites full submissions 2 September 2019
Full submissions due 11 October 2019
GSC evaluates full submissions and awards grants. Funding agreements put in place. December 2019
Midyear reports submitted (reviewed by GSC in the August meeting) June 2020
Presentation of the project to the Personal Finance and Investments Conference (PFIS) November 2020
Final report submitted (review by GSC in the March Meeting) February 2020
Dissemination of outcomes (project report finalised) March 2020

More details about the scheme and detailed guidelines for completing EOIs and full submissions can be found in the grants scheme brochure.

Submit an Expression of Interest now. Send your EOI to [email protected]

Past grant recipients INCLUDE:

  • Dr Michelle Cull, Western Sydney University
  • Dr Abdullahi Ahmed and Daniel Richards, RMIT University
  • Dr Di Johnson, Griffith University
  • A team led by Dr Adrian Raftery, Deakin University
  • Assoc. Professor Sharon Taylor and Ms Suzanne Wagland, Western Sydney University
  • Ms Julie Knutsen, with Assoc. Professor Mark Brimble and Dr Robyn Cameron, Griffith University

FPEC members

  • Chair: Sharon Taylor – Associate Professor, Western Sydney University
  • Diana Bugarcic – Head Teacher Accounting & Finance & Course Coordinator – Bachelor of Applied Finance (Financial Planning) – TAFE NSW
  • Dr Kingsley Fong – Senior Lecturer and Associate Head of School in Banking and Finance, Australian School of Business, The University of New South Wales
  • Martin McIntosh CFP® – Managing Director, Planning Partners
  • Chris Morcom CFP®– Director/Private Client Adviser, Hewison Private Wealth
  • Marc Olynyk AFP® – Senior Lecturer in Financial Planning and Superannuation, Deakin University
  • Dr John Teale
  • Rebecca Watt CFP® – Australian Super
  • Dante De Gori CFP® – FPA CEO