How many are there in Singapore, using their very qualified angmoh country certificate to work ..... a few days course can call themselves financial planner can tan jia oredi ...hehehehe
Angmoh are the best, cheating battery included?
It was September 2008 and “dodgy” Don Nguyen was on suspension for alleged fraud and cash backhanders at the Commonwealth Bank’s Chatswood branch. Financial planner Jeff Morris was beavering away and studying hard to meet his quarterly competency training target.
As Morris studied for the continuous professional development (CPD) test – a requirement all financial planners must meet to continue practising - he became aware that not everyone was taking it as seriously as him.
After hitting the send button on his computer, he did a double take a few days later when he overheard some colleagues joking about the test and the manila folder being passed around containing cheat sheets. When he went to a team meeting he was even more horrified when some planners discussed working together, saying “just do one each and swap the answers”.
This contemptuous attitude to continuous professional development training was symptomatic of a far deeper problem Morris was about to blow the whistle on at CBA, which involved allegations of forgery and fraud and a cover up by management that would result in losses to clients of tens of millions of dollars.
The Commonwealth Bank financial planning scandal, which triggered a Senate inquiry, a recommendation for a royal commission into the bank and the opening up of compensation to hundreds of thousands of customers, has thrown the spotlight on some dark places in the financial planning industry, including the disturbingly low levels of education required to qualify as a financial planner and provide advice to customers managing their life savings.
Read more: http://www.smh.com.au/business/bank...l-planning-20140815-104gkn.html#ixzz3AWmwx99h
Read more: http://www.smh.com.au/business/bank...l-planning-20140815-104gkn.html#ixzz3AWmR0PSt
Angmoh are the best, cheating battery included?
It was September 2008 and “dodgy” Don Nguyen was on suspension for alleged fraud and cash backhanders at the Commonwealth Bank’s Chatswood branch. Financial planner Jeff Morris was beavering away and studying hard to meet his quarterly competency training target.
As Morris studied for the continuous professional development (CPD) test – a requirement all financial planners must meet to continue practising - he became aware that not everyone was taking it as seriously as him.
After hitting the send button on his computer, he did a double take a few days later when he overheard some colleagues joking about the test and the manila folder being passed around containing cheat sheets. When he went to a team meeting he was even more horrified when some planners discussed working together, saying “just do one each and swap the answers”.
This contemptuous attitude to continuous professional development training was symptomatic of a far deeper problem Morris was about to blow the whistle on at CBA, which involved allegations of forgery and fraud and a cover up by management that would result in losses to clients of tens of millions of dollars.
The Commonwealth Bank financial planning scandal, which triggered a Senate inquiry, a recommendation for a royal commission into the bank and the opening up of compensation to hundreds of thousands of customers, has thrown the spotlight on some dark places in the financial planning industry, including the disturbingly low levels of education required to qualify as a financial planner and provide advice to customers managing their life savings.
Read more: http://www.smh.com.au/business/bank...l-planning-20140815-104gkn.html#ixzz3AWmwx99h
Read more: http://www.smh.com.au/business/bank...l-planning-20140815-104gkn.html#ixzz3AWmR0PSt
