The Financial Adviser Standards and Ethics Authority (FASEA) has updated the legislative instrument related to education providers and courses they provide.
FASEA said the updated instrument now included additional information from higher education providers on their historical degrees, as well as an extended range of approved historical programs.
It also includes the first approved recognition of prior learning for education undertaken to attain a professional designation.
FASEA indicated the Financial Planning Association’s five-unit certified financial planner program, which was available from mid-2003, had been assessed and financial advisers who have completed the program will receive two credits towards meeting an appropriate existing adviser pathway in FASEA’s Education Standard.
FASEA said it has continued to work with higher education providers to improve the information available on historical degrees and with industry associations to review the recognition of learning opportunities based on inquiries and information received from industry.
“We welcome stakeholder feedback as we continue to update FASEA’s approved list for the education standard and all feedback will be carefully reviewed prior to the making of the legislative instrument and release of the explanatory statement,” FASEA chief executive Stephen Glenfield said.
