FASEA gives CFP program 2 credits
Financial advisers will have the opportunity to gain a clearer picture of the status of their degrees as a result of the Financial Adviser Standards and Ethics Authority (FASEA) today releasing additional information from higher education providers on their historical degrees as well as the Financial Planning Association’s Certified Financial Planner (CFP) program.
The CFP program has been assessed at two credits in the FASEA education standard.
The FASEA released its Relevant Providers Degrees, Qualifications and Courses Standard Legislative Instrument which it said updated with additional information from higher education providers on their historical degrees as well as extending the range of approved historical programs.
It said the instrument also included the first approved recognition of prior learning for education undertaken to attain a professional designation.
The FASEA announcement said the FPA’s five-unit Certified Financial Planner (CFP) program (commencing Semester 2, 2003) had been assessed pursuant to FASEA’s program and provider accreditation policy and as a result Financial Advisers/Planners who had completed the program would receive two credits for the appropriate existing adviser pathways set out in FASEA’s Education Standard.
It said FASERA had also worked with higher education providers to enhance information on historical degrees, with industry associations to review potential recognition of learning opportunity following on from queries and information received from the industry.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
