FASEA upgrades pathways guidance
The Financial Adviser Standards and Ethics Authority (FASEA) has released new guidance on its education pathways proposals, confirming bridging courses for advisers with bachelor’s degrees in related fields such as accounting, business, commerce, law and economics.
FASEA has also issued a draft code of ethics for consultation dealing with ethical behaviour, client care, quality process and professional commitment, including a requirement that advisers uphold the ethical standards of the profession and hold their peers to account.
Commenting on the updated pathways guidance, FASEA chief executive, Deen Sanders said that advisers with a bachelor’s degree in a related field – that is, accounting, financial planning or advice, business, commerce, law or economics – would need to complete a bridging course of three study units to meet the standards.
He said this typically equated to less than a year of part-time study.
“Advisers with a bachelor’s degree and a postgraduate qualification in a related field will only need to complete a one-unit bridging course covering the FASEA Code of Ethics,” the FASEA announcement said.
It said all advisers with these types of degrees would be eligible for the relevant bridging course option, regardless of when they obtained their degree.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.