Business News

New SMSF education service goes to market

Financial education content developer Money101 has launched an online SMSF facility to assist practitioners with their professional development commitments.

Called SMSF101, the education service allows the flexibility for advisers to use it to attain Regulatory Guide (RG) 146 accreditation or for their continuing professional development (CPD) obligations.

Advisers can access the offering via any internet connection and can take the course they choose at their own pace.

The course has been assessed by SPAA, the Association of Financial Advisers and Financial Planning Association, with each professional body allocating CPD points to it.

Specifically, SPAA has made 60 CPD points available to practitioners who complete the program.

“I am particularly impressed with the blended design elements used and pedagogical elements, such as video clips, hyperlinks to websites and pdfs, case studies, review questions, the glossary tailored for each module, as well as the resources section for same and the overall simple layout and ease of navigation,” SPAA CPD services manager Todd Walters said.

In addition, the ATO has trialled the educational offering and SMSF advisers within BT Financial Group have already begun using the facility.

The accredited study option, which allows individuals to attain their RG 146 certification, contains 11 education modules, including case studies and assessments, and will cost $1100, excluding goods and services tax.

The CPD study option also incorporates 11 modules plus assessments and will cost practitioners $660, including goods and services tax.

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