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 wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
