FASEA Approves Additional RPL For FPA

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    FASEA has approved additional applications for recognition of coursework undertaken to attain a professional designation from the Financial Planning Association and the Certified Practicing Accountants.

    The standards authority says in a statement 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 Estate Planning Strategist between 2010 and 2013 have been awarded one credit RPL.

    It also notes that advisers who have completed coursework to attain the CPA Associate designation between 1985 and 1988 have been awarded one credit RPL.

    “The awarding of credits for coursework to attain the FPA and CPA designations provides appropriate recognition to existing advisers who have undertaken these further studies,” FASEA Chief Executive Officer Stephen Glenfield says.

    Stephen Glenfield …appropriate recognition to existing advisers…

    As background FASEA says its review of the programmes follows an application from each of the professional associations. The approval is recognition of the course content and assessments advisers are required to undertake to successfully complete the programme.

    It says a maximum of two credits towards completion of higher education requirements can be awarded for an existing adviser who has completed one or more of the prescribed approved courses to attain a professional designation. These credits are in addition to any credits available for completing other relevant studies.

    “For example, existing advisers with a relevant degree who have completed the coursework to attain the CPA Associate designation between 1985 and 1988 will receive four credits for their relevant degree and one credit for their CPA coursework.

    “As a result, these advisers will only be required to complete the three FASEA bridging courses to meet the education standard,” the authority states.

    “FASEA is committed to continue to assess coursework to attain Professional Designation applications that have been received from professional associations,” it says.

    Click here for the full list of approved recognition of prior learning courses.