The Financial Adviser Standards and Ethics Authority (FASEA) has released an online tool to help advisers map their education requirements as per the Corporations Act 2001.
The Education Pathways Tool, which includes FASEA’s currently approved degrees and approved recognition of prior learning coursework, is designed to provide new and existing advisers feedback on their education requirements towards becoming qualified advisers.
FASEA chief executive Stephen Glenfield said: “The release of the Education Pathways Tool will assist advisers to identify the likely required education pathway to comply with the education standards.”
The new online tool requires advisers to submit answers to a series of questions relating to their circumstances and provides feedback on the courses they are required to complete.
The authority has also released a feedback service online form in conjunction with the Education Pathways Tool, giving advisers the opportunity to apply for additional feedback if needed.
The online tool and corresponding feedback service covers Australian qualifications and courses, with foreign qualifications being assessed separately via FASEA’s Foreign Qualification Assessment Service.
The launch follows the education pathways policy previously issued by FASEA, which detailed the education pathways available to advisers in order to satisfy their education requirements.
FASEA yesterday confirmed it would recognise coursework for obtaining a specialist SMSF designation and award credit for the work if undertaken in or after 2005.
Earlier this month, it released the first batch of graduate diploma and bridging courses approved for use by financial advisers to meet new mandatory education requirements.
