FASEA has provided an update for advisers this week, which includes its first approved recognition of prior learning for education undertaken to attain a professional designation.
The Authority notes that the FPA’s five-unit Certified Financial Planner program has been assessed and it has confirmed advisers who have completed this program will receive two credits for the appropriate existing adviser pathways set out in the Authority’s Education Standard.
FASEA says it will provide this recognition for advisers who have taken on the CFP program commencing from Semester 2, 2003, whereas it had previously stated its accreditation would only apply for CFP courses commencing after 2007 (see: FASEA Releases Updated Education, Exam Guidelines).
Riskinfo understands FASEA will shortly be considering similar approval for the AFA’s FChFP courses, which the Authority previously flagged as the other industry designation to which it would apply two credits, following its approval assessment process.
In updating its Legislative Instrument, FASEA has also issued an updated list of information on higher education providers on their historical degrees including an extension of the range of approved historical programs. Click here to access the updated list of higher education providers and their approved courses.
No point bothering with this pointless study which will teach you nothing. We are all going to have to find a new profession when they get rid of insurance commissions.
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