In a statement, FASEA said it had added bachelor degrees from Southern Cross University with a financial services major commencing March 2021 to its approved degree list.
In addition, the Australian Institute of Management’s (AIM) graduate diploma in financial planning commencing May 2021 had been added to the list.
FASEA said it had also approved bridging courses from AIM in financial advice regulatory and legal obligations, ethics for professional advisers and behavioural finance.
The approved courses will be added to a future degree, qualifications and courses legislative instrument.
“The approval of these additional courses builds on the body of courses approved by FASEA and provides additional choice to advisers seeking to meet the education standard,” FASEA chief executive Stephen Glenfield said.
FASEA said it had now approved a total of 78 historical courses, 66 current bachelor or higher degrees and 36 bridging courses as part of its educational framework.
I seriously don’t understand how Glenfield and his colleagues sleep at night with the carnage they’ve caused this industry!
Thousands of highly experienced, hardworking and honest advisers have left the industry as a result of this farce, hardly anyone is entering in response, the process is so long winded and onerous now that clients are walking away from it further increasing Australia’s under insurance problem, the industry has seen a massive drop in revenue, access to financial advice is rapidly becoming unaffordable to mum and dad clients and insurance premiums are skyrocketing.
But its okay, 8-9 FASEA Board Members were able to pull in annual paychecks of between $350-450K a year causing all this and push advisers into courses at Universities they had financial interests in.
So what that some past qualifications have finally been added to “their” approved degrees and diplomas.
Irreparable damage has already be done!
They consulted with the industry and adopted many of the recommendations by the FPA. You’re blaming the wrong people.