FASEA extension still subject to legislation

FASEA education the financial adviser standards and ethics authority stephen glenfield wealth management wealth management conference planners financial planners

12 September 2019
| By Mike |
expand image

Advisers need to understand that legislation has yet to pass the Parliament extending the Financial Adviser Standards and Ethics Authority (FASEA) exam deadline, according to FASEA  chief executive, Stephen Glenfield.

Addressing the Money Management Future of Wealth Management Conference in Sydney today, Glenfield said that while FASEA was aware of the Government’s announcement regarding extending the time-table, it was still obliged to operate under the original timetable.

“FASEA has no view on the extension, we are working to the currently legislated timetable,” he said.

Glenfield said that planners needed to understand that legislative amendments needed to pass both houses of the Parliament before the extension became law and should predicate their decisions on that fact.

Read more about:


Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry




SO NOW YOU ARE NOT ONLY A FUND MANAGER BUT A MIND READER AS WELL ? (Where it should have considered the orders were man...

16 hours 53 minutes ago
Nathan Baker

That's great. If any loss had occurred and clients eventually sue, that will probably occur after the PI has lapsed. Adv...

17 hours ago
Mark Marshall

It is about time that commentary put forward by the Financial Services industry's middleman is supported with hard facts...

1 day 9 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

4 weeks 1 day ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week ago