On Tuesday, the university issued a statement saying its graduate diploma of financial planning was ”fully accredited” and will meet the as-yet unreleased education standards currently being developed by FASEA.
Responding to questions from ifa, the university said the course had been accredited with FPEC, a subsidiary of the FPA that the association describes as an independent body to oversee new advisers’ education. FPEC’s internal curriculum was subsequently “gifted” to FASEA.
According to a Western Sydney University spokesperson, the FPEC accreditation means the course will meet FASEA’s standards.
“Graduates can be assured of the course’s accreditation. FPEC accreditation currently equates FASEA accreditation, in line with recent FPA and FASEA announcements,” the spokesperson said.
When asked to comment on the university’s claims, a spokesperson from the FPA explained that FASEA will still need to update its guidance and that the claim that the graduate diploma will ”ensure” students meet the incoming education standards had come from the university, not the FPA.
“Any new courses approved by FPEC have to then be approved by FASEA. Once approved, FASEA will then update the course on its website,” the spokesperson said.
However, the spokesperson added that the update to include the course is “expected to happen in due course”.
In February, Swinburne University announced it has also received FPEC accreditation for a number of its online courses.
Just stop complaining and do the study… We know a graduate diploma of financial planning will be sufficient. Its not hard.
no complaints just need to be sure given the absolute silence from those who should be communicating
Make sure it’s from an institution that does not have a conflict of interest.
+ 1 or just sit the challenge exam, if you don’t want to do the full coursework and study.
for all those with substantial experience, it will be a walk in the park. I am going to go in my custom handmade silk pajamas to sit the challenge exams
there will only be issues if you can’t pass, even if you fail one (or some), you have 4 to 5 years to repeat
chill, relax, for those who are experienced no worries it’s all good
let’s move on to another topic please
Correct Vincent. Relevant courses already completed will be recognised as well, get onto the study providers.
Most of those complaining seemingly don’t back their knowledge to be sufficient to pass these challenge exams and that’s exactly why these changes are coming in. This is coming from someone who as of now, doesn’t meet the education requirements (but is very close).
can I please have your tailor’s details, i want me some of those silk handmade PJ’s
You mean like the courses so many of us have already done, but are not yet confirmed as recognised?
I’m not into “blind” leaps of faith
Get onto your provider for clarification. They will get recognised if they are actually relevant degrees. Most are just complaining for the sake of complaining but I sympathise with those who have gone ahead and done the study early (which I assume is yourself).
Isn’t Sharon Taylor now the acting chair of FPEC? Conflict of interest???
Mark Brimble, (former) Chair of FPEC – a professor at Griffith University resigns. Now we have another academic gatekeeper, this time from WSU, as acting Chair of FPEC, who also provides financial planning degrees. What’s that? Oh yes, it’s the Benny Hill theme music playing in the background …
So charging an arm and a leg for a course that is yet not actually on the list.
So there is still NO firm guidance on courses. Better make it 2026 to avoid unintended consequences as the guidance for existing will not be available till later this year- or am I being optimistic.