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
APRA investigating Diversa's executive compensation
APRA has commenced an investigation into if Diversa's executive remuneration decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act.
Kudu continues Australian expansion with fresh investment
Kudu Investment Management has acquired a minority stake in a Sydney-based financial advisory business mere days after an identical transaction with Drummond Capital Partners.
Apex takes on Mercer's NZ fund admin business
Apex Group has expanded its presence in New Zealand, agreeing to onboard Mercer New Zealand's fund administration operations as part of its broader growth strategy across Australasia.
Aware Super ups stake in retirement village asset
Aware Super has increased its ownership in Keyton, Australia's largest owner and operator of retirement villages, to 75% by acquiring Lendlease's interest of 25.1%.
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
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
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..