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
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
