FASEA releases February exam results

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FASEA has released exam results from the fourth Financial Advisers Exam held in February 2020. Result highlights include: the exam was held in 7 metropolitan and 10 regional centres across Australia from 13 to 18 February the exam was subject to ACER’s comprehensive marking approach 2231 advisers sat the exam over 82 percent of candidates […]

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AFA welcomes economic stimulus packages

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The Association of Financial Advisers (AFA) welcomes the Government’s economic responses to the coronavirus. AFA CEO, Philip Kewin says this week’s announcement and the introduction of the JobKeeper Payment program, gives millions of employees and their employers greater certainty in the uncertain times to come. “Importantly, it helps to retain the employer/employee relationship which is vital not […]

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FASEA approves additional historical and new degrees and bridging courses

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Historical degree – University of Canberra FASEA has confirmed its approval of the historical Graduate Diploma in Financial Planning for University of Canberra commenced between 1 January 2003 and 31 December 2005.Advisers who have completed this course of study are only required to complete a FASEA Ethics for Professional Advisers bridging course to meet the […]

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FASEA approves additional Recognition of Prior Learning for FPA and CPA

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The Standards Authority has approved additional applications for recognition of coursework undertaken to attain a professional designation from the Financial Planning Association (FPA) and the Certified Practicing Accountants (CPA). Advisers who have completed coursework to attain FPA professional designation for Life Risk Specialist between 2009 and 2018 or coursework to attain FPA professional designation for Accredited […]

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FPA urges Australians to seek advice before withdrawing super

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The Financial Planning Association of Australia (FPA) has urged all Australians to seek financial advice before withdrawing up to $20,000 from their retirement savings following the announcement of an unprecedented move by the Federal Government. On 22 March, Prime Minister Scott Morrison announced that Australians who lose their job or a significant portion of their […]

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Salary relief throws lifeline to small businesses

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The Federal Government’s $130 billion JobKeeper payment announced yesterday, when coupled with earlier measures in response to the economic fallout from COVID-19 (coronavirus), will provide vital support to small business owners, many of whom have self-managed super funds (SMSFs). The SMSF Association CEO John Maroney says: “The $130 billion package, the third assistance tranche announced […]

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FASEA welcomes reappointment of directors

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The Financial Adviser Standards and Ethics Authority (FASEA) notes the Government’s reappointment of Professor Mark Brimble and Dr. Simon Longstaff AO as part-time directors of FASEA for a further three-year period commencing from 11 April 2020. On behalf of the FASEA board, Chair Catherine Walter welcomed the reappointment of Mark and Simon and acknowledged the […]

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Actuaries Institute says ATO should have key role in early super release, estimates $25b-plus withdrawals

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The Actuaries Institute recommends the Australian Tax Office play a significant role in payment of limited, early release superannuation to people financially impacted by COVID-19. The Government has said it would allow workers affected by the crisis to pull as much as $20,000 out of their superannuation, in two tranches of $10,000 each. The Convenor […]

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ANZIIF cancels Australian and New Zealand Insurance Industry Awards

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Due to the unforeseeable impact of the ongoing COVID-19 virus, the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has made the decision to cancel the 2020 Australian and New Zealand Insurance Industry Awards. ‘We are extremely disappointed to cancel our awards nights in Australia and New Zealand,’ says Prue Willsford, ANZIIF CEO. ‘Our awards night provides […]

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SMSF Association endorses Government’s latest stimulus package

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The SMSF Association supports the Federal Government’s latest stimulus package announced today, particularly those measures that will assist self-managed super fund trustees cope with the economic and social upheaval caused by COVID-19 (coronavirus). SMSF Association CEO John Maroney says: “The country is in unchartered waters, so we fully endorse the new measures the Government has […]

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