The Diploma of Financial Planning FNS50615 is essentially the ‘minimum entry requirement’ for any student wanting to enter the financial services industry or wanting to transfer into a position that requires them to provide advice for retail clients. In order to receive authorisation for providing personal advice in investment planning, superannuation and insurance, it is required by the corporate regulator that financial planners complete the minimum knowledge and skills components of the Diploma of Financial Planning to stay in alignment with with Regulatory Guide 146 (RG 146)