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.
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.