Whether they do or not doesn't make FASEA's position any less conflicted or discriminatory.
Nonetheless I would be willing to bet that FPA does indeed do away with CFP units 1-4 over time as all advisers will have completed similar content as part of their FASEA mandated studies. However CFP 5 requires workplace assessment and a complex technical exam and assignment which are at a higher level than content mandated by FASEA. I expect CFP 5 will become the basis of CFP designation in the future.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional