{"id":38689,"date":"2017-10-11T16:30:27","date_gmt":"2017-10-11T06:30:27","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=38689"},"modified":"2017-10-17T10:00:48","modified_gmt":"2017-10-17T00:00:48","slug":"afa-paper-to-present-industry-view-to-fasea","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/10\/11\/afa-paper-to-present-industry-view-to-fasea\/","title":{"rendered":"AFA Paper to Present Industry View to FASEA"},"content":{"rendered":"

The AFA will not push for specific education outcomes from the Financial Adviser Standards and Ethics Authority (FASEA) but will present a united industry voice around what competencies should be covered under any new educational and professional standards.<\/p>\n

\"AFA<\/a>
AFA GM Member Services, Partnerships & Campus AFA, Nick Hakes<\/figcaption><\/figure>\n

The Association released its latest whitepaper \u2013 Financial Advice Competency Framework: An Industry Consensus<\/em>, at its recent National Adviser Conference, which covers seven areas of knowledge and 36 competencies it believes should be present in the financial advice education and development process.<\/p>\n

AFA general manager, member services, partnerships and campus AFA, Nick Hakes<\/strong> said the paper was unique in that it created a wide-ranging industry view built around the input of 500 AFA members who provided more than 1600 submissions.<\/p>\n

\u201cWe started out not to form an AFA perspective but wanted an industry wide consensus\u2026We started with a blank canvas and looked at knowledge and behaviours and received an evidence based consensus view that pulls together the current patchwork,\u201d Hakes said.<\/p>\n

\u201cWe started out not to form an AFA perspective but wanted an industry wide consensus\u2026”<\/h6>\n

He added that the AFA would use the whitepaper in its discussions with FASEA but would not tell the Authority which direction to take.<\/p>\n

\u201cWe don\u2019t want to tell FASEA what to do. That\u2019s not our role. It\u2019s done in an environment where the entity that has to make the decision has to consult back to industry and we would very much like them to take notice and be part of the conversation,\u201d Hakes said, adding \u201cWe\u2019re not saying that this is the actual answer because it\u2019s not us who makes the answer.\u201d<\/p>\n

\u201cImportantly, the difference is that before we\u2019ve had different patchworks of professional standards, different frameworks, and we have created a unified voice for our profession that not only FASEA but licensees and advisers can think through the implication to \u2018so what does a professional year look like?,\u201d he said.<\/p>\n

Hakes said the AFA will use the whitepaper to develop future pieces of research on professional standards and education and an implementation kit would also be developed for advisers and licensees.<\/p>\n","protected":false},"excerpt":{"rendered":"

The AFA will not push for specific education outcomes from the Financial Adviser Standards and Ethics Authority (FASEA) but will present a united industry voice around what competencies should be covered under any new educational and professional standards.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,241,248],"tags":[],"class_list":["post-38689","post","type-post","status-publish","format-standard","category-associations","category-conferences-and-events","category-training"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/38689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=38689"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/38689\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=38689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=38689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=38689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}