Advice providers with foreign qualifications have been given certainty on how their training will be assessed by FASEA, which will consider key knowledge areas and regulatory and legal obligations.

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.