The Financial Adviser Standards and Ethics Authority has formally recognised two courses run by the Association of Financial Advisers as well as coursework from another industry body.
Advisers who have completed the AFA’s Fellow Chartered Financial Practitioner (FChFP) and Chartered Life Practitioner (ChLP) in or after 2013 have been awarded two credits for recognition of prior learning (RPL) in line with the application submitted by the AFA, FASEA said in a statement.
In addition, advisers who have completed the SMSF Association’s SMSF Specialist Adviser designation on or after 2005 have been awarded one credit for RPL in line with the application submitted by the SMSF Association.
“The awarding of credits for coursework to attain the AFA and SMSFA designations provides appropriate recognition to existing advisers who have undertaken these further studies,” said FASEA chief executive Stephen Glenfield.
In March, the Financial Planning Association of Australia’s five-unit Certified Financial Planner (CFP) program was approved by FASEA for two credits for recognition of prior learning.
FASEA is continuing to assess coursework to attain professional designation applications that have been received from professional associations.
In addition, FASEA has also released an Education Pathways Tool online tool giving new entrants and existing advisers within Australia feedback on their required education pathway.
The tool includes FASEA’s currently approved degrees and FASEA-approved recognition of prior learning course work, and the relevant degree definition, and will be updated as new approvals take place.
Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.
You can contact him on [email protected].
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