Financial Planning Knowledge Test

Frequent changes to legislation make it difficult to stay on top of the education and training needs of your staff, regardless of their level of experience.

The Financial Planning Knowledge Test is designed to easily examine and determine the knowledge areas that your staff are strong in, while also identifying the areas that require further training and education.

This page contains information on:

How to use the test
Knowledge areas assessed
Test format
Delivery options
Pricing & enrolment

How to use the test

The test can be used:

To highlight the strengths and weaknesses of current staff
To test how current staff understand, and can apply, all that they have learnt in their CPD training
To determine the knowledge and skills of new staff
As a rigorous form of continuing professional development (CPD) training*

Knowledge areas assessed

The Knowledge Test assesses candidates’ skills in seven key knowledge areas, including:

social security
investments and markets
taxation
superannuation and retirement income investments
life insurance and risk management
legislation and compliance
financial strategies

Test format

The test is a two-hour, multiple-choice exam made up of 42 questions covering all seven knowledge areas.

Choose from three levels to cater for different levels of experience or education.

LEVEL	EXPERIENCE	EDUCATION
Basic	For those who would refer complicated plans to more senior advisers or have access to a mentor	Minimum RG 146 compliant/Diploma level qualification in financial planning

Intermediate	For those who will be acting independently and offering a full range of financial planning advice	Minimum Advanced Diploma level qualification in financial planning

Advanced	For those with significant industry experience, who regularly provide complex financial planning advice	Minimum graduate or postgraduate level qualification in financial planning

Upon completion of the exam, results are made immediately available so that you can easily assess how your staff have performed.

Kaplan will also provide you with diagnostic reporting in order to compare results, identify knowledge gaps and most importantly, determine what further training and education requirements are needed to enhance staff performance.

Delivery options

You choose how, when and where the exam is conducted.

How - all exams are conducted online
When - organise your own supervisor or a Kaplan Professional supervisor
Where - choose to hold the exams at your premises or at a Kaplan Professional venue

Pricing & enrolment

OPTION	PRICE	HOW TO ENROL
Individual student enrolment	$100 per person /per exam	Call 1300 662 203 Email enrolments@kaplan.edu.au

Multiple enrolments OR Unlimited annual licence	On application	Call 1300 728 505 Email corporatesolutions@kaplan.edu.au

* The Financial Planning Association (FPA) has accredited each level of the Knowledge Test with 2 CPD points (Professional Dimensions: Reflective Practice).