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?...

1 month 3 weeks ago

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

1 month 4 weeks ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 3 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 2 days ago

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director....

1 month ago

TOP PERFORMING FUNDS