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Showing 41 - 50 of 322 results for "FASEA"

Benefits of advice reforms yet to materialise

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... (DDO) will take effect in October while all existing registered financial advisers have until 1 January 2022 to pass the FASEA exam (with a nine-month extension granted in some cases). Finally, the Better Advice Bill, which is yet to be legislated, will ...

FPA appoints FPEC chair

ANNABELLE DICKSON  |  MONDAY, 23 AUG 2021
... 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 ...

Three-month relief proposal gains traction

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... 1) Determination 2021 has been lodged with the federal register of legislation. It follows a consultation period in which FASEA received eight formal submissions during July. That month, FASEA proposed that the three-month registration requirement for ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
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 ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

Consultation opens for approved courses

KARREN VERGARA  |  TUESDAY, 20 JUL 2021
... courses, Central Queensland University's graduate diploma and Charles Sturt University's master's program. In May, FASEA flagged that it approved many of these degrees and courses. The standards authority's chief executive Stephen Glenfield ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... guidance on how advisers can use Records of Advice to make the most of the temporary measure. The corporate regulator and FASEA said the guidance and case study they have jointly compiled is to ensure that advisers understand their requirements under ...

FASEA scraps three-month rule

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... introducing a relief that will allow financial advisers to sit the November examination regardless of their last sitting. FASEA is proposing to relax the three-month registration requirement in the hope that more advisers will pass the exam prior to ...

FASEA maintains low pass rate

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The Financial Adviser Standards and Ethics Authority (FASEA) exam held in May recorded another low pass rate, continuing the trend of previous exams. Of the 1894 advisers that sat the exam, 69% passed. This is in line with the March results which also ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... comprehensive and limited advice fall under the same regulatory requirements. Participants pointed out that meeting the FASEA Code of Ethics is a concern, as is the lack of clarity around the regulatory requirements for limited advice. The majority said ...