FASEA gives CFP program 2 credits
Financial advisers will have the opportunity to gain a clearer picture of the status of their degrees as a result of the Financial Adviser Standards and Ethics Authority (FASEA) today releasing additional information from higher education providers on their historical degrees as well as the Financial Planning Association’s Certified Financial Planner (CFP) program.
The CFP program has been assessed at two credits in the FASEA education standard.
The FASEA released its Relevant Providers Degrees, Qualifications and Courses Standard Legislative Instrument which it said updated with additional information from higher education providers on their historical degrees as well as extending the range of approved historical programs.
It said the instrument also included the first approved recognition of prior learning for education undertaken to attain a professional designation.
The FASEA announcement said the FPA’s five-unit Certified Financial Planner (CFP) program (commencing Semester 2, 2003) had been assessed pursuant to FASEA’s program and provider accreditation policy and as a result Financial Advisers/Planners who had completed the program would receive two credits for the appropriate existing adviser pathways set out in FASEA’s Education Standard.
It said FASERA had also worked with higher education providers to enhance information on historical degrees, with industry associations to review potential recognition of learning opportunity following on from queries and information received from the industry.
Recommended for you
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
Fidelity research has found cost is the main barrier deterring women from seeking financial advice, while 43 per cent are worried about finding someone they can trust.
The rebranding of the AMP advice division to Akumin brings to an end a 176-year history for the firm and provides a fresh start for advisers under Entireti.
