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Showing 1 - 10 of 174 results for %22Financial Adviser Standards and Ethics Authority%22

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... broad financial advice ecosystem. It recognises that the current one-size-fits-all approach that the Financial Adviser Standards and Ethics Authority (FASEA) put in place is deterring new entrants - and that change is needed," she said. The adviser population ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

Rowe joins Kofkin Bond & Co

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... Planning Association of Australia, and of its Future2 Foundation, and was appointed a director of the Financial Adviser Standards and Ethics Authority. He has also sat on the Financial Planning Standards Board for four years. He also has close to two ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... its 2019 implementation and remains the case now. The Code of Ethics, developed by the now dissolved Financial Adviser Standards and Ethics Authority (FASEA), remains a stone in the shoe for many advisers, Anderson said. Anderson said there is much about ...

May exam sees 43% pass rate

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
... sitting was just the second time the exam has been administered by ASIC following the dissolution of the Financial Adviser Standards and Ethics Authority in December last year.

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... advisers dealt with increased education requirements, industry consensus was that the government and the Financial Adviser Standards and Ethics Authority didn't place enough value on on-the-job experience. The present economic climate stands to prove ...

ASIC releases latest adviser exam results

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... time. This was the first time the exam had been administered by ASIC following the dissolution of the Financial Adviser Standards and Ethics Authority at the end of 2021. ASIC said close to 20,000 candidates have sat the exam to date, with 91% passing. ...

ASIC sets adviser exam dates

KARREN VERGARA  |  WEDNESDAY, 9 MAR 2022
... the lowest pass rate on record. The exam, which were the last to be administered by the now-defunct Financial Adviser Standards and Ethics Authority, saw 52% of the 2129 advisers successfully pass. ASIC took over FASEA's remit on January 1. The pass ...

Education reforms are promising: SAFAA

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... roll back or lower education standards" for financial advisers. The SAFAA slammed the now-defunct Financial Adviser Standards and Ethics Authority, describing it as a "bureaucracy that was averse to stakeholder engagement" and narrowed the scope of recognised ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
The Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You ...
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