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Showing 31 - 40 of 318 results for "FASEA"

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... the advice industry is closer to reaching the professional status it is striving to achieve. This is based on new figures FASEA has released to show that advisers are taking educational qualifications seriously. More than half (56%) of advisers on ASIC's ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... financial risk Cecilia Storniolo said: "Anecdotally, we've been hearing for about two years that the interplay between the FASEA code of conduct, and the Best Interest Duty tests was causing the industry a great deal of angst." Many advice practitioners ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
... different position to where you were 12 months ago," Anderson said. Jones went on to criticise the managerial operations of FASEA and said trying to push everyone through the very small funnel of financial advice in one area of their industry was a big ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... pass rate. Of those that passed, 14,070 are recorded as active financial advisers on ASIC's Financial Adviser Register. FASEA chief executive Stephen Glenfield said: "FASEA congratulates successful candidates on completing an important component of their ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... move in the right direction. "The financial advisers the AFA represents are dealing with a requirement to sit a compulsory FASEA exam and meet other education standards to keep their livelihood, on top of an overwhelming volume of other regulatory reform ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... $7.1 million as grandfathered commissions came to a halt and COVID-19 impacted the business. Regulatory reform, namely the FASEA exam, also impacted the business however, the biggest impact came from CountPlus changing to a 'clean' user-pays model without ...

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... (DDO) will take effect in October while all existing registered financial advisers have until 1 January 2022 to pass the FASEA exam (with a nine-month extension granted in some cases). Finally, the Better Advice Bill, which is yet to be legislated, will ...

FPA appoints FPEC chair

ANNABELLE DICKSON  |  MONDAY, 23 AUG 2021
... challenging period for the profession and for the educational sector and saw through the transition of accreditation to FASEA and has ensured that FPEC members are now available to support FASEA on accreditations," De Gori said. FPEC was established ...

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... 1) Determination 2021 has been lodged with the federal register of legislation. It follows a consultation period in which FASEA received eight formal submissions during July. That month, FASEA proposed that the three-month registration requirement for ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered. The United Financial Advisers Association (UFAA), which claimed to have 6000 members, quietly ended operations ...