Western Sydney University partners with OpenLearning for new online learning programs for financial advisors

Western Sydney University’s School of Business has partnered with OpenLearning – one of the world’s largest online education platforms – to develop Continuing Professional Development (CPD) courses for the financial services sector.

Professor Amir Mahmood, Dean School of Business at Western Sydney University, says the courses are designed to enhance knowledge and skills, and to meet Financial Adviser Standards and Ethics Authority (FASEA) requirements, which were established as part of the findings from the recent Royal Commission into the Banking, Superannuation and Financial Services Industry.

“Since January 2019, all financial advisors are required to participate in development programs to maintain and extend their professional capabilities, knowledge and skills,” says Professor Mahmood.

“Working closely with OpenLearning, Western Sydney University have developed courses that offer up-to-the minute regulatory, technical and ethics training that are an integral part of professional financial advice. Partnering with OpenLearning means we can deliver these essential tools in a seamless manner.”

OpenLearning CEO Adam Brimo said: “We are very pleased to partner with WSU on the design and development of these CPD courses. These courses set the benchmark for CPD within the sector through the use of engaging, real-life scenarios, and established community of practice.”

Each course developed by OpenLearning and Western Sydney University is designed to enhance knowledge and skills within all CPD activity areas in order to meet FASEA requirements. FASEA was established in April 2017 with the goal of setting the education, training and ethical standards of licensed financial advisers in Australia. FASEA launched a new Code of Ethics on January 1, 2020, with all financial advisers required to adhere to the Code.

Visit Western Sydney University's website (opens in a new window) for more details on the course.

ENDS

3 February 2020

Clare Patience, Senior Media Officer