FASEA extends FPA CFP coursework recognition

27 August 2019

The Financial Planning Association (FPA) has succeeded in having more of its Certified Financial Planner (CFP) designation coursework recognised by the Financial Adviser Standards and Ethics Authority (FASEA).

FASEA has announced it has approved an application for the recognition of coursework to attain a professional designation from the FPA as part of its education standards for financial advisers.

It said that advisers who, after 1 July 1999 and before 31 December 2003, had completed the CFP 1-4 program coursework to attain the FPA CFP designation were eligible to be awarded two credits recognition for prior learning (RPL) in an approved Graduate Diploma.

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Commenting on the move, FASEA chief executive, Stephen Glenfield said the awarding of credits for the CFP 1-4 program coursework to attain the FPA CFP designation provided appropriate recognition FASEA’s review of the CFP 1-4 program coursework followed an application from the FPA.

He said the approval was recognition of the course content and assessments advisers were required to undertake to successfully complete the program.

The approved RPL will be added to FASEA’s Degree, Qualifications and Courses legislative instrument.

A maximum of two credits towards completion of higher education requirements can be awarded for an existing adviser who has completed one or more of the prescribed approved courses to attain a professional designation. These credits are in addition to any credits available for completing other relevant studies.

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FASEA have gone week in the knees.

Still no exemption from the Ethics bridging subject for advisers who completed the CFP Ethics subject. (Nor for any other ethics training, anywhere, ever). The FASEA ethics education scam should probably appear as a case study in its own course!

I notice the CBD column in SMH recently shone a light on some questionable behaviour by FASEA Board member and "Ethics Centre" head honcho Simon Longstaff. Perhaps they should take a closer look at his conflicted behaviour on the FASEA Board for an even worse example.

Are you sure this is important for CFP?
And after that is it value for CFP in Market for planning and much more...

The FPA valiantly trying to breathe life into their CFP cash cow.

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