Original article by Anthony Klan
The Australian – Page: 21 : 26-Nov-14

In response to the recent scandal involving flawed advice by its financial planners, Commonwealth Bank of Australia has announced new minimum requirements for these staff. While newly hired planners will need to have relevant university degrees, the existing 1,500 to 2,000 employees are obliged to merely obtain an Advanced ­Diploma in Financial Planning. This can be gained with the equivalent of just four days’ worth of work and no exams, and the planners will have until mid-2017 to qualify

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COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH FINANCIAL PLANNING LIMITED, FINANCIAL WISDOM LIMITED, COUNT FINANCIAL LIMITED, FINANCIAL PLANNING ASSOCIATION OF AUSTRALIA LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION