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 'continuing to monitor' UniSuper outage
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation.
Morningstar unsure if KKR's Perpetual bid benefits shareholders
Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday.
SMC says 'reckless' plan could cost taxpayers $1tn
Super Members Council has slammed the Coalition's super for housing plan yet again, saying it could cost taxpayers.
Advisers must unite for major reforms: SIAA
Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will hear.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean 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..