FASEA consultation – Draft Financial Planners & Advisers Code of Ethics 2019 Guide

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Following consultation with stakeholders in 2019 and early 2020, FASEA has released the draft Financial Planners & Advisers Code of Ethics 2019 Guide for consultation. The draft guide provides an explanation of the intent and application of the Code’s values and standards. It uses fundamental questions to help illustrate the Code and highlights the requirement

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FASEA releases August exam results

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FASEA has released exam results from the seventh Financial Advisers Exam held in August 2020. Result highlights include: the exam was held from 13 to 18 August in exam centres and online 82% of candidates passed the August exam (compared with an average of 84% across all exams) 1,521 advisers sat the exam compared with

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FASEA approves University of New South Wales Graduate Diploma and bridging courses

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FASEA has confirmed the Graduate Diploma of Financial Planning for the University of New South Wales offered from 1 July 2019 as an approved degree. Advisers who complete this course of study will meet the education standard. In addition, FASEA has approved the following two (2) bridging units offered by the University: Ethics for Professional

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FASEA releases June exam results

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FASEA has released exam results from the sixth Financial Advisers Exam held in June 2020. Result highlights include: due to COVID-19 restrictions, the exam was held online from 11 to 16 June 84 percent of candidates passed the June exam (compared with 79% in April) 2,282 advisers sat the exam compared with 470 advisers sitting

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FASEA welcomes certainty around Exam and Education extension

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FASEA confirms that the Senate has passed the Bill to amend the Corporations Act to extend transitional timeframes for existing advisers to comply with Corporations Act (2001) Education and training standards and to pass the Exam. Existing advisers now have until 1 January 2022 to pass the Exam and 1 January 2026 to meet the

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FASEA releases April exam results

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ASEA has released exam results from the fifth Financial Advisers Exam held in April 2020. Result highlights include: As a result of the COVID-19 pandemic, the exam was held exclusively using remote proctoring from 2 to 7 April the exam was subject to ACER’s comprehensive marking approach and was set at a consistent standard to

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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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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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FASEA approves additional Recognition of Prior Learning and Bridging courses

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Recognition of Prior Learning – AFA and SAFAA The Standards Authority has approved applications for the recognition of coursework to attain a professional designation from the Australian Financial Advisers (AFA) and Stockbrokers and Financial Advisers Association (SAFAA) as part of its education standards for financial advisers. Advisers who have completed coursework to attain the FChFP

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FASEA releases 2020 Legislative Instrument for Relevant Providers Degrees, Qualifications and Courses Standard

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FASEA has registered the 2020 Legislative Instrument and Explanatory Statement for its Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2020 on the Federal Register of Legislation. This new instrument expands the list of approved education programs and courses available to existing advisers and new entrants seeking to meet FASEA’s education standard.  The Determination

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