FASEA moves on planner designations
The Financial Adviser Standards and Ethics Authority (FASEA) has opened the door for industry associations such as the Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) to apply for accreditation of their designations such as Certified Financial Planner (CFP).
In doing so, FASEA said approved designations would be worth up to two units credit with respect to graduate diplomas.
FASEA issued a formal notice today that it had sent notices to a number of industry associations informing them of the process to have the course content of their designations approved by the authority.
“Existing advisers who have completed approved coursework in relation to approved designations will be entitled to up to two units credit into the graduate diplomas contemplated by the Standards Authority’s new education framework for advisers,” the FASEA announcement said.
“FASEA encourages all financial services industry associations with a relevant professional designation program to submit their curriculum content for approval as soon as practicable by contacting [email protected]”
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
