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
Vale Mark Johnson
Mark Johnson, a founding leader of Macquarie Group, has passed away.
Inflation hits 4.3%, RBA says it remains 'too high'
Australia's inflation rose to 4.3% in the 12 months to September, according to the latest data from the Australian Bureau of Statistics (ABS).
Cbus creates new role for legal operations
Cbus has welcomed a legal specialist to join the fund in a newly created role of group head of legal operations and strategy, bringing relevant experience from regulators ASIC and APRA.
Dexus to pay $30m in legal bills for leaked airport data case
The Supreme Court of NSW has ordered Dexus to cover close to $30 million in legal costs incurred by Melbourne Airport owner Australia Pacific Airports Corporation (APAC) and its shareholders, after the property giant lost a court fight over claims it improperly shared confidential data while trying ...
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
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
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..