News : Education

Education, Financial Planning

FASEA issues final CPD instrument

Financial advisers will need to complete 40 hours of continuing professional development (CPD) each year, of which 70 per cent will need to be approved by the licensee, including four hours of professional reading, according to the education standards authority.

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Education, Financial Planning

FASEA delivers professional year titles

The Financial Adviser Standards and Ethics Authority (FASEA) has determined financial advisers undertaking work and training requirements as part of their professional year will be known as “provisional financial planners” or “provisional financial advisers”.

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Education, Financial Planning

FASEA confirms relevant provider terms

The Financial Adviser Standards and Ethics Authority (FASEA) has determined the final expressions to be used for a provisional relevant provider are “provisional financial adviser” or “provisional financial planner”, which can be used interchangeably.

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Education, Regulation

SMSFA calls for FASEA CPD obligations fine-tuning

The SMSF Association has identified certain Financial Adviser Standards and Ethics Authority (FASEA) requirements pertaining to continuing professional development (CPD) for advisers it feels need amending.

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ASIC, Education, Regulation

Industry bodies sign code monitoring agreement

Six major financial planning/advice sector professional bodies, including the SMSF Association, have signed a cooperation agreement to develop a code monitoring solution for their members.

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Accounting, Education

FASEA ignores limited licensing regime

The Financial Adviser Standards and Ethics Authority’s (FASEA) draft legislation for education standards fails to “appropriately recognise and account for” the limited licence advice regime, especially for accountants with a licence to provide SMSF advice, according to an industry body.

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Accounting, Education, Financial Planning

Advisers cop steep exam fee

The Financial Adviser Standards and Ethics Authority (FASEA) has released its examination legislative instrument for financial advisers, including how much it will cost for an individual to sit the professional exam.

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Education, Financial Planning

SMSFA pushes for greater CPD integrity

The SMSF Association has called on the Financial Adviser Standards and Ethics Authority (FASEA) to revise its policy regarding the approval of continuing professional development (CPD) requirements in order to improve the integrity of the process.

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Education

FASEA issues direction on designations

The Financial Adviser Standards and Ethics Authority (FASEA) has invited industry associations to apply for accreditation for their respective professional designation programs.

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ASIC, Education, Insurance

Education key to 2019 advice proposition

SMSF; FASEA; credit; specialist

The findings from the Australian Securities and Investments Commission’s (ASIC) “Report 575: SMSFs: Improving the quality of advice and member experiences” indicate education activities for trustees should be an important part of advice propositions in the coming year, according to a specialist business consultant.

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