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| | | ... described the adviser exam problematic and too harsh, Sciacca explained the format isn't for ASIC to amend. "As part of FASEA being wound up, the administration of the exam came to ASIC, but the format of the exam and the professional standards more ... |
| | | | ... "There are very few people who are currently in the process of completing the AFA's professional designations, given the FASEA reforms. And we would ultimately need to reinvest in those so the decision is made to continue to recognise those who have ... |
| | | | ... requirements will ensure high quality financial advice available to consumers - which will "achieve the intention of the FASEA reforms without micromanaging advisers, universities, students and businesses". The Labor Party's Stephen Jones, who also ... |
| | | | ... 1 January 2022. The minister for superannuation, financial services and the digital economy Jane Hume thanked the FASEA board and its staff for the work they have undertaken in setting professional standards for the financial advice industry and the ... |
| | | | ... challenging period for the profession and for the educational sector and saw through the transition of accreditation to FASEA and has ensured that FPEC members are now available to support FASEA on accreditations," De Gori said. FPEC was established ... |
| | | | A financial advice industry association, which had been vocal in boycotting the FASEA exam and fighting to retain life commissions, has shuttered. The United Financial Advisers Association (UFAA), which claimed to have 6000 members, quietly ended operations ... |
| | | | ... explanatory memorandum reads. The new law also covers the recently announced Financial Adviser Standards and Ethics Authority (FASEA) exam re-take for advisers who have failed. Hume is extending the cut-off date to 30 September 2022 for advisers who ... |
| | | | ... he said. "Lumiant frees them from regulatory and product constraints. Each module has been carefully mapped against the FASEA code of ethics, as well as ensuring advisers can easily adhere to know your customer and best interest duty requirements by ... |
| | | | ... costs facing financial planners. We welcome the recognition of this in the draft legislation with the proposal to wind up FASEA and removing the redundant oversight of the TPB being important steps in achieving this goal." De Gori also said a professional ... |
| | | | ... infringement notices. The announcement follows the decision to dissolve the Financial Adviser Standards and Ethics Authority (FASEA), to occur from 1 January 2022. The creation of the single disciplinary body does not change ASIC's ability to impose ... |
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