FASEA extension hits snagBY ELIZABETH MCARTHUR | FRIDAY, 12 JUN 2020 12:34PMThe extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Related News |
Editor's Choice
Metrics freezes redemptions behind listed funds as audit stalls
|Metrics Credit Partners has suspended redemptions in the unlisted wholesale funds that underpin its three ASX-listed strategies, according to an ASX statement by the funds' responsible entity.
APRA flexes fresh powers, zeros in on trustees
|APRA has released a package of proposals to strengthen trustee investment governance saying it has "elevated concerns" about the platform sector.
ASIC sets FY27 priorities straight
|ASIC has outlined its supervisory priorities for 2026-27 with reviews of artificial intelligence (AI), member services and advice fee deductions among the areas of focus for financial services firms.
UBS brings home new alternatives leader
|UBS is relocating a private markets specialist from Switzerland to lead its unified global alternatives (UGA) business in Australia, effective 1 November 2026.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Rachel Alembakis
STEWARDSHIP MANAGER
UNITING ETHICAL INVESTORS LIMITED
UNITING ETHICAL INVESTORS LIMITED
As a highly respected journalist, Rachel Alembakis helped push sustainable investing on the agenda long before it was mainstream. Now, she's stepped into the arena to shape the industry from within. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Pontification ensues - the only snag is that many of us keep fighting for an extension when we should be proactively advocating for this to be done sooner rather than later. If we keep acting on behalf of the lowest common denominator then that is all we will be. If you're relying on an extension, then you are part of the problem. You get to decide whether you want to be part of this or not. For the sake of the budding profession, don't be part of the problem.
The FASEA exam is part of the problem in why this industry is in rapid decline.
It should always have been introduced as a necessary part of on-line CPD for existing advisers.
I have no problem with new advisers having to sit an exam before they are able to practice..
We are loosing experienced and capable advisers everyday and yet there are no new entrants.
Clients do not care if we have passed an exam.
For the younger advisers out there, yes get the exam out of the way as there is no alternative.
But the older experienced advisers will continue to exit when the industry most needs them..