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”.

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.

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.

The continuing professional development (CPD) requirements mandated under the Financial Adviser Standards and Ethics Authority (FASEA) will potentially disadvantage practitioners working part-time, such as women, the chair of a dealer group has said.

The determination as to whether an individual has a relevant degree under the new Financial Adviser Standards and Ethics Authority (FASEA) education guidelines for financial planners currently remains unclear.