In a statement, FASEA said the policy provides guidance to higher education providers (HEPs) and professional associations on the approval requirements for a range of education pathways in the FASEA Education Pathways Policy FPS001, including:
- Bachelor degrees;
- Graduate diplomas;
- Master’s degrees;
- Bridging courses; and
- Credit for recognition of prior learning (RPL) in respect of education undertaken to obtain a relevant professional designation.
FASEA will now accept applications for accreditation from HEPs with priority of assessment given to applications for graduate diplomas and bridging courses.
Further, it said it will assess an initial tranche of graduate diplomas and/or bridging courses pursuant to the requirements in FPS002 Accreditation Policy for HEPs who submit an application by 12 April 2019, and will undertake an initial review of applications and advise if further information is required.
Compliant applications will be assessed within approximately eight weeks of receipt and notification of outcomes will be advised to all HEPs at the same time and entered on the FASEA website, FASEA said.
FASEA will also periodically register amended degrees, qualifications and courses legislative instruments updated to include the accreditation of additional approved degrees, courses and education approved for RPL as well as amendments to existing approved programs and courses.
“We look forward to assessing relevant degrees, diplomas and courses to be offered to financial advisers by higher education providers,” said FASEA chief executive Stephen Glenfield.
“This will assist financial advisers in satisfying their education requirements under the Corporations Act 2001.”
dear fellow advisers,
I hope each and every one of you pass with flying colors, the fasea exam.
our future is uncertain at best, so I wish the best for my dear and professional colleagues.
only another financial planner can understand the undue burden we have been placed under, nevertheless, I believe those who remain (sadly many worthy ones will leave) come out and be better and refined.
well, that’s my hope at least.
wishing you all the very best and hope for your continued success in financial planning or otherwise.
Who the hell wrote this?
fin adviser wrote this – can’t you read?
big al needs a big belting that’s what
miss ya terry.
Nothing on Graduate Certs?
Grad Cert does not meet the new minimum requirement – but will likely receive some RPL with a Grad Dip provider.
Too easy – c’mon everyone – you have 6 years to get FASEA all done – pleeenty of time!
Oops, I meant 5 years (or is that 4….3….2)?
Who’s counting!?
Adviser Exam ready about December 24th 2020.
Bridging courses ready about 24th December 2023.
Indeed, this whole round of idiocy by [b]FARCE[/b]A and friends would be hilarious if it didn’t actually adversely impact our livelihoods in such unnecessarily negative ways. The managers of this clownish association (or whatever they are) should be ashamed of themselves, along with the government which facilitates them. Every time they say or enact something negative for advisers they can’t see that it has a direct flow-on effect to negatively impact client best interest. Self absorbed clerks and academics all.