FASEA adds courses to help advisers meet education standard



The standards authority has approved a further three bridging courses from the Queensland University of Technology to allow existing advisers to meet the education standards.
Financial Adviser Standards and Ethics Authority (FASEA) has now approved 27 bridging courses, 66 historical courses, and 63 Bachelor or higher degrees.
FASEA chief executive, Stephen Glenfield, said the additional bridging courses provided additional choice to advisers seeking to meet the education standard by 1 January 2024.
The body also approved applications for the recognition of coursework to attain a professional designation from the Portfolio Construction Forum and CFA Societies Australia as part of its education standards for financial advisers.
“Advisers who have completed coursework to attain the CIMA [Certified Investment Management Analyst] designation in or after 2001, offered by the Portfolio Construction Forum, have been awarded one credit recognition for prior learning (RPL),” FASEA said.
“Advisers who have completed coursework to attain the Chartered Financial Analyst designation, offered by CFA Societies Australia, have been awarded one credit for RPL.”
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.