Dispatches: More education needed in financial sector, says AMP director

AMP's decision to offer a new financial services diploma is part of a broader plan to improve education standards within the industry, a company director has said. AMP Horizons Director Tim Steele said the new six-month diploma, to be delivered in partnership with Pinnacle Financial Services Academy in January next year, is one of a number of new initiatives for the group. (Investor Daily)

Wyane Swan has described as "absurd" a Coalition push for the government to re-regulate interest rates. Even Coalition MPs have their doubts about the push, with one Liberal describing it as "lunatic-fringe' before realising it was from his own party. (The Australian)

Partners of accounting firm PricewaterhouseCoopers will be forced to give evidence under oath about their role in the collapse of broker Sonray. (Sydney Morning Herald)