The Financial Adviser Standards and Ethics Authority (FASEA) has approved three higher education historical graduate diploma courses.
The three new historical courses approved by FASEA are:
- Graduate Diploma in Business (Personal Financial Planning) commenced between 2002 and 2012, offered by the University of Southern Queensland;
- Graduate Diploma of Financial Planning commenced between 1998 and 2007, offered by Securities Institute/Financial Services Institute of Australasia (FINSIA); and
- 8-unit Graduate Diploma of Applied Finance and Investments commenced between 1991 and 2007, offered by Securities Institute/FINSIA, where study included either the investment management stream or financial planning related electives.
Advisers who had completed any of those courses were required to complete the FASEA ethics for Professional Advisers bridging course to meet the education standard.
Advisers who completed the Securities Institute/FINSIA historical 8-unit Graduate Diploma from 1991 to 2007 that didn’t include the investment management stream or financial planning electives had completed a relevant degree and would receive four credits towards the education requirements.
Stephen Glenfield, FASEA chief executive officer, said: “The approval of these additional Graduate Diplomas gives advisers a clear pathway to meet the education standard by 1 January 2024.”
The approved degrees would be added to FASEA’s Degree, Qualifications and Courses legislative instrument.