FASEA approves historical coursework

FASEA historical coursework

FASEA has approved additional historical coursework, previously offered by a major university, as meeting its current education standards

The Financial Adviser Standards and Ethics Authority (FASEA) has recognised further historical coursework as aligned with its education standards.

FASEA said it had approved the historical Graduate Diploma in Global Wealth Management from the University of Adelaide, with advisers who had completed the coursework between 1 January 2006 and 31 December 2011 only required to complete the FASEA Ethics for Professional Advisers bridging course in order to meet the authority’s education standard.

“FASEA’s approval of this course is a recognition of the alignment of the graduate diploma with FASEA’s required curriculum and standards and will be added to a future degree, qualifications and courses legislative instrument,” it said.

Over 160 historic and current degrees and bridging courses have been recognised by the authority, in addition to 15 courses of study to attain a professional designation.

“FASEA is committed to continuing to assess any further applications received from higher education providers in respect of courses to meet FASEA’s education standard,” it noted.

In April, FASEA approved additional coursework, including the Graduate Diploma in Financial Planning from the University of Canberra and the Master of Financial Planning and Graduate Diploma of Financial Planning from RMIT University, as satisfying some of the new professional education requirements applicable to the financial planning industry.

Earlier this year, advisers who had attained a professional designation from the Association of Financial Advisers between May 2009 and June 2013 were given one credit for recognition of prior learning by FASEA.

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