Amid COVID-19 FASEA urged to deliver CPD relief
At least one adviser has written to the Financial Adviser Standards and Ethics Authority (FASEA) asking the authority to adopt a facilitative to continuing professional development (CPD) points because of the number of seminars and conferences cancelled due to COVID-19.
Adrian Hanrahan has taken to social media to share an e-mail he has sent to FASEA chief executive, Stephen Glenfield, pointing out the widespread cancellation of CPD seminars and asking whether the authority would be prepared to take the situation into account.
“I was wondering if FASEA intends to take a ‘facilitative approach’ to CPD requirements for the current CPD year,” Hanrahan’s e-mail said. “For example, a temporary reduction in the required CPD hours or a temporary relaxation of the requirement for a CPD activity to be ‘led or conducted by 1 or more persons’ to better facilitate self-directed learning.”
Hanrahan said he believed a temporary change in the prescriptive CPD framework would represent welcome relief to the profession.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
