CA ANZ wants FASEA clarity over financial planning credits

Chartered-Accountants-Australia-and-New-Zealand/ca-anz/Financial-Adviser-Standards-and-Ethics-Authority/FASEA/Bronny-Speed/

3 September 2019
| By Chris Dastoor |
image
image
expand image

Chartered Accountants Australia and New Zealand (CA ANZ) has sought clarification from the Financial Adviser Standards and Ethics Authority (FASEA) on what financial planning studies will count for further credits.

Bronny Speed, CA ANZ financial advice leader, said they had specifically sought clarification over which financial panning studies would court for further credits in conjunction with the Chartered Accountant (CA) qualification.

CAs currently had an Australian or New Zealand-approved degree at AFQ7 (bachelor’s degree) and a TEQSA approved AFQ8 post-graduate qualification.

They also had financial planning studies that enabled registration on the Australian Securities and Investments Commission (ASIC) Financial Adviser Register, continuing professional development (CPD) obligations, completion of three years mentored training, and adherence to their code of ethics.

“After meeting with Senator Jane Hume and advocating for additional time for financial advisers to meet FASEA’s requirements, we are pleased with the Government’s announcement to extend the education and exam deadlines,” Speed said.

“As we work together towards a common goal to improve trust and confidence in the community, we will continue to engage with the Government and FASEA to gain maximum recognition for Chartered Accountants to retain them as trusted advisers in the marketplace.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

5 days 17 hours ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND