The move is part of AMP’s commitment to raising standards and professionalism in advice, the firm said.
It also comes as the banking, insurance, investment and advice firm is making headlines for all the wrong reasons.
In June, International Adviser reported that AMP Financial Planning is facing a court date over allegations that it failed to protect clients from advisers improperly rewriting policies.
The Australian Securities and Investments Commission (Asic) is also investigating AMP in relation to fee for no service conduct and in relation to making false and misleading statements to the regulator.
On top of that, AMP is also facing five class action law suits.
Seeking redemption?
Named Adviser Pathways, the programme will give candidates a broad experience in advice to enable them to find the most suitable role to match their skills.
The programme will run for two to three years and is designed to interest a wide variety of candidates; including fresh university graduates, career changers and advice practice staff who want to upskill.
Candidates must have a degree that is approved by the Financial Adviser Standards and Ethics Authority (Fasea) to be eligible to apply.
Previously, the firm provided on-the-job training for new advisers through AMP Horizons. This programme has now been replaced by Adviser Pathways.
AMP’s head of advice education, capability & careers, Rod Edge, said Adviser Pathways was built to meet the evolving needs of customers, as well as advisers and advice practices.
“We’re seeing growing demand for financial advice from Australians so we’re strengthening and improving our learning and development proposition.
“Advisers within AMP licensees have contributed ideas and support for this new proposition. By aligning with the government’s new adviser education standards and trends in customer preferences we are creating the advisers of the future.”
