FASEA’s draft 2019 determination includes all bachelor degrees, graduate diplomas and bridging courses approved by FASEA since the 2018 determination was registered.
The determination also includes FASEA-approved recognition of prior learning (RPL) for education undertaken to attain professional designations and the associated credits appropriate for the existing adviser pathways set out in FASEA’s education standard.
In addition, the draft 2019 determination includes amendment to historical course/degree details provided to FASEA by higher education providers following its registration of the 2018 determination.
“The draft 2019 determination documents the significant body of course and other accreditations approved by FASEA throughout 2019 and provides recognition of study undertaken by advisers,” said FASEA chief executive Stephen Glenfield.
“FASEA welcomes stakeholder feedback as we continue to update FASEA’s approved list for the education standard, and all feedback will be carefully reviewed prior to making of the legislative instrument and release of the explanatory statement.”
The 2019 determination is released for public consultation. All feedback and submissions on this 2019 legislative instrument can be submitted to FASEA by 7 December 2019.
FASEA’s new approved degree courses under the draft 2019 legislative instrument are as follows:
University of Technology Sydney
Bachelor of Business (Financial Planning major)
Australian Catholic University
Graduate Diploma of Financial Planning
Graduate Diploma of Financial Planning
Master of Finance
Central Queensland University
Master of Financial Planning
Graduate Diploma in Financial Planning
Charles Sturt University
Master of Applied Finance with studies in Financial Planning
Graduate Diploma in Financial Planning
Graduate Diploma in Financial Planning
Deakin University
Graduate Diploma of Financial Services
Graduate Diploma of Financial Planning
Graduate Diploma of Financial Planning
Griffith University
Graduate Diploma of Financial Planning (4181)
Graduate Diploma of Financial Planning (4184)
Graduate Diploma of Financial Planning (4185)
Graduate Diploma of Financial Planning (4186)
Kaplan Higher Education
Graduate Diploma of Applied Finance (Financial Planning major)
Graduate Diploma of Applied Finance (Financial Planning major)
GDFP14 Graduate Diploma in Financial Planning
GDFP19 Graduate Diploma in Financial Planning
Graduate Diploma in Financial Planning (Historical SIA/FINSIA)
Graduate Diploma of Applied Finance and Investment (Historical SIA/FINSIA) – Investment Management Stream
Graduate Diploma of Applied Finance and Investment (Historical SIA/FINSIA) – Investment Management Stream
Graduate Diploma of Applied Finance and Investment (Historical SIA/FINSIA)
Queensland University of Technology
Graduate Diploma in Business (Financial Planning)
Swinburne University of Technology
Graduate Diploma of Financial Planning
University of New England
Graduate Diploma of Financial Planning
University of South Australia
DGFP Graduate Diploma of Financial Planning
XGFP Graduate Diploma of Financial Planning
University of Southern Queensland
Graduate Diploma in Business (Personal Financial Planning)
University of the Sunshine Coast
Graduate Diploma of Financial Planning
Western Sydney University
Graduate Diploma in Financial Planning
Graduate Diploma in Stockbroking and Financial Advising
The Director of Standards at FASEA holds none of these qualifications, or any from the old list. In fact no business degree and no FP qualifications whatsoever.
Nice Simpsons reference Amanda Hugenkiz
Yep….Have you been looking for……….. me?
How nice. If you hold one of these listed degrees, and have since enrolled into a newer “approved” degree, do you get a refund? (let alone time wasted)
Just a pointer to all the moralists who say “what are you waiting for!?”
Talk about policy on the run.
No Edith Cowan uni. So my 4 year double major means squat to fasea. However it gives me some credit for kaplan grad dip. Its so confusing
Pretty disgusting the time it’s taken to get these degrees listed. I personally lodged 4- 5 submissions to FASEA since FASEA first stated…. [i]”Financial Planning Degrees for all from Griffith Uni”[/i][i][/i] . This has caused immense frustration, heart-achre , uncertainty for all these Planners with all of the degrees listed. Have a look at that list and imagine the torment that those planners went through wondering if there courses would be listed..After all, we’re “”planners”” and we plan, we run businesses, hire and fire staff and for this list to come out December 2019, I say %$@$ you FASEA and $@# the FPA for proposing prior learning be worth 20 points out of 100 and those scumbag planners of the FPA that put up with the imcompentance. .
I share your frustration Amanda. I’ve had the same experience. This has been a nightmare. People like us, who did the study early, should be FASEA’s best friend. We personally tried to raise professional standards and many of us welcomed the introduction of FASEA. But the way they have treated us has been appalling. If I recall correctly, FASEA originally proposed all degrees with the words ‘Financial Planning’ or ‘Financial Advice’ in the title or major, would be approved if they were completed prior to a certain date. Why on earth they decided to go back and assess each course one-by-one is beyond me. Seems like an awful lot of work, for zero benefit. Surely they could have used those resources more productively. Like doing some proper research, consumer testing and modelling on their Code of Ethics, which they still haven’t realised is unworkable tripe.
Perfect summation Amanda.
Lol. If this was a serious critique of “scumbag planners of the FPA”, you’d have the courage to put your actual name to this gutless post instead of a Simpson’s reference. I’m not even sure the people who agree with you are smart enough to pick up the reference. I love the anonymity of all the IFA posts which effectively means no one from any organisation ever has to address any of what what could be quite legitimate concerns. It’s just angry yelling at each other in an echo chamber. No one actually reads them except angry people and voyeur spectators. Now it’s your turn to yell back at me.
Lol says the anonymous post…
The FPA is not prepared to discuss any of these matters I’ve raised with them. They don’t encourage debate. Thery’re strictly tea and scones and a webinar. They are no longer an association. The official line is “if you don’t like what’s we’re doing then leave” ….. I’m now strongly stating that professionalism and FPA membership simply can’t co-exist. In fact you’re equivalent to scum if you’re remaining. That’s because you’re part of the problem. If you want over regulation, Government intervention to continue then we need real leadership and it’s time for all planners to be leaders and to leave the FPA behind in the 1980’s….especially their Professional Partner Program. Now run along and get your employer to pay your FPA fees for you.
Hey FPA, please look at the comment above. “Professional Partner program” and “employer to pay your FPA fees for you” are the things that completely undermine your credibility. Please put an end to these revenue sources which are so obviously perceived as conflicted. Everything else on this page is just an angry rant. But while you persist with revenue sources that are perceived as conflicted you will never be effective in lobbying for planner’s interests.
What are people supposed to do you GOOSE?! Yelling at FARCIA through the normal channels did no good. Ask the poor suicide victims if they felt their yelling did any good! You could only be a moron or a staff of FARCIA, bothe same thing anyway!
The article says, “The determination also includes FASEA-approved recognition of prior learning (RPL) for education undertaken to attain professional designations and the associated credits appropriate for the existing adviser pathways set out in FASEA’s education standard”. Will they be increasing the amounts of credits for RPL for those with say, over 30 years of experience who are a CFP ? they should be !
Another long list of qualifications/courses….that teach nothing at all about how to be a Financial Planner/Adviser – just as Kaplan/Tribeca/Finsia’s courses (DFPs/DFSs) never did.
Maybe all advisers should boycott the exam , they cant close us all down
Without a word of a joke the most practical suggestion I’ve seen in years on the FARCIA issue. Maybe the association can arrange that iof the final court case doesn’t make sanity return.
they have been focusing on money I see…. not getting the code right