The Financial Planning Association of Australia (FPA) has had its application for recognition of CFP coursework approved by FASEA.
Any financial advisers who completed Certified Financial Planning (CFP) 1-4 program coursework to obtain the FPA CFP designation between 1 July 1999 and 31 December 2003 are eligible for two credits in recognition of prior learning in an approved graduate diploma.
FASEA chief executive officer Stephen Glenfield said: "The awarding of credits for the CFP 1-4 program coursework to attain the FPA CFP designation provides appropriate recognition to existing advisers who have undertaken these further studies."
This latest approval by FASEA is as a result of an application from the FPA.
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FASEA says the approval is recognition of the course content and assessments advisers are required to undertake as part of successfully completing the course program.
The approved recognition of prior learning will be added to FASEA's degree, qualifications and courses legislative instrument.
A maximum of two credits will be added towards the completion of higher education requirements for advisers who qualify.
Advisers can receive recognition of prior learning for other relevant study too.
The five unit FPA CFP program commenced after 2003 has already been approved for two credits in recognition of prior learning.
This comes after the FPA moved to make members eligible for discounted postgraduate course fees through a series of higher education institutions.
The FPA is hoping to make it easier for members to meet the FASEA education requirements by partnering with higher education providers.