FASEA confirms there’s no news on course approvals
The Financial Adviser Standards and Ethics Authority (FASEA) has been forced to clarify that it is yet to make any approvals for the provision of graduate diplomas and bridging courses, following some confusion yesterday as the Ethics Centre announced it was developing an ethics course for which it planned to gain accreditation.
FASEA yesterday advised that, while it had received 14 applications for accreditation by graduate diploma providers and 11 for bridging courses, it hadn’t approved any.
The Authority said that decisions regarding the applications wouldn’t be announced until mid-June, upon which the accredited courses would be available on its website.
“This would allow accredited providers sufficient time to commence offering accredited graduate diplomas and bridging courses in the second half of the 2019 calendar year,” it said.
This followed its previously-announced timeline for decisions, which was within eight weeks of receipt. The 25 applications from higher education providers above were all received before the cut-off date for approvals of 12 April.
The confusion regarding the Ethics Centre’s course arose yesterday after it said it was developing a FASEA-accredited offering, rather than that it had already received approval.
AUTHOR
Hannah Wootton
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
