FASEA exam extension bill passes
The Financial Adviser Standards and Ethics Authority (FASEA) exam extension legislation has passed the Senate.
The Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume has announced the passage on the basis of the Government keeping a promise to the financial planning industry.
The passage of the legislation, part of an omnibus bill, was owned to Government negotiations with Senate cross-benchers.
If the legislation had not passed, the only option open to the industry would have been class order relief delivered by the Australian Securities and Investments
Recommended for you
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
PIMCO has announced the launch of a new active fixed-income ETF, marking its fifth active solution on the Australian market after the launch of four ETFs earlier in the year.
With the Australian advice market being a target for US private equity firms, a US advice commentator has shared lessons from his overseas experience, and why PE may be less attractive than initially expected.
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
