FASEA consulting on 3-month CPD relief
To assist advisers to meet their continuing professional development (CPD) requirements during the COVID-19 pandemic, FASEA is consulting on its proposal to grant advisers an additional three months to meet the 40-hour CPD requirement.
The draft for the Corporations (Relevant Providers Continuing Professional Development Standard) Determination (Amendment) 2020 proposes if a relevant provider’s CPD year includes 18 March, 2020, an additional three months would be added.
Stephen Glenfield, FASEA chief executive, said: “FASEA understands that meeting CPD has been difficult given the business disruption caused by COVID-19 and is seeking to reduce advisers concern regarding meeting minimum requirements this CPD year. FASEA welcomes stakeholder feedback on this proposed relief".
All feedback and submissions on the legislative instrument can be submitted to FASEA by 1 July, 2020.
AUTHOR
Chris Dastoor
Recommended for you
AMP and Clime Investment Management have shared how they are harnessing the power of social media to help the firms reach a younger demographic and increase brand awareness.
The increased bids for Insignia from Bain and CC Capital value the company at $3.3 billion, while there is still a possibility for competing bids from rival players such as Brookfield.
The number of Australian individuals with more than US$10 million in assets has passed 42,000, rising by 3.9 per cent over the past year.
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
