FPA and AFA make extending FASEA exam timetable a priority
The newly re-elected Morrison Federal Government will be asked to act to give financial planners the promised full two years preparation time for the Financial Adviser Standards and Ethics Authority (FASEA) examination.
Both the Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have confirmed to Money Management that the FASEA timings were a priority issue which had been raised with the Government prior to the Federal Election and would be raised again.
Both FPA chief executive, Dante De Gori and AFA chief executive, Phil Kewin confirmed the importance of financial planners having the full two years preparation time which had been originally outlined by the Government.
De Gori said this was in circumstances where the processes and timeline which had been followed by FASEA meant that the time-frame being allowed to planners meant they were only going to get around 18 months preparation time.
The comments by De Gori and Kewin come less than a week after FASEA announced that both new entrants and existing advisers would have until 31 May to notify their intention to participate in the first sitting of the exam and outlined the dates and locations for the examinations.
Kewin said that when the matter had been raised with the Government prior to the election it had received a positive response, and that it would be looking to achieve greater clarity around the time-table.
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.
