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.
Holy hell! If FChFP gets 2 credits my HSC should be eligible as well!
And when will FARSEA approve the CFP courses such as 1-4 ????
Oh, I forgot they have better things to do, my bad in the mean time I should just plan to shut shop.
I have had enough
Oh gee, golly gosh. Isn’t it so good the bodies that stabbed every member in the back have course you can pay for to keep working!
It’s so nice of them. Keep paying your member fees people, Stockholm syndrome is alive and well.
After recent revelations that 4 of FASEA’s Board Members should stand down through perceived conflicts of interests, I’m staggered that anyone or any media outlet including this one, can give anything related to the credibility of what FASEA say or do, any positive publicity at all!
In my opinion, they’re at the very epicentre of why this industry is struggling today with advisers leaving in droves, insurance companies being down on budget forecasts and why some of them are offloading staff now.
Compliance burden, ridiculous legislation, commissions being halved the last 3 years and THIS MOB are the very reason why my love affair with this industry is at an all time low.
Who cares what FASEA say or what they approve now? They’re an absolute joke!
Until they alter their stance on the education requirements for RISK ONLY Advisers, I’ll continue to totally dismiss any level of professionalism and/or standard of ethics they falsely preach.
we can never rely on government authorities to be efficient, pragmatic or practical, given the “public service” culture, bolstered by present day politics, and associated “red tape”
Good to see that FASEA seems to be relenting ever so slightly on their corrupt and unethical RPL policy. Still a long way to go though. FASEA still hasn’t given any RPL whatsoever for ethics training. One wonders how long the unethical ethicist Simon Longstaff can maintain that rort before he is publicly shamed and booted off the FASEA board.
It is very disappointing that if you finished the AFA’s Fellow Chartered Financial Practitioner (FChFP) in September 2012 that this is not Recognized at this stage. It is completely unfair that Practitioners that where the first to improve their skills and Expertise by completing this course have been thrown out the door with no support for their efforts. The AFA and FASEA need to ensure this is recognized.