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Showing 1 - 10 of 100+ results for "FASEA"

Exam pass rate steady at 60%

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... regulatory and legal obligations; applied ethical and professional reasoning and communication; and advice construction. FASEA chief executive Stephen Glenfield said candidates who were unsuccessful in this exam will receive additional individual feedback ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... prior to 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 ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... the advice industry is closer to reaching the professional status it is striving to achieve. This is based on new figures FASEA has released to show that advisers are taking educational qualifications seriously. More than half (56%) of advisers on ASIC's ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... financial risk Cecilia Storniolo said: "Anecdotally, we've been hearing for about two years that the interplay between the FASEA code of conduct, and the Best Interest Duty tests was causing the industry a great deal of angst." Many advice practitioners ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
... different position to where you were 12 months ago," Anderson said. Jones went on to criticise the managerial operations of FASEA and said trying to push everyone through the very small funnel of financial advice in one area of their industry was a big ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... pass rate. Of those that passed, 14,070 are recorded as active financial advisers on ASIC's Financial Adviser Register. FASEA chief executive Stephen Glenfield said: "FASEA congratulates successful candidates on completing an important component of their ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... move in the right direction. "The financial advisers the AFA represents are dealing with a requirement to sit a compulsory FASEA exam and meet other education standards to keep their livelihood, on top of an overwhelming volume of other regulatory reform ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... $7.1 million as grandfathered commissions came to a halt and COVID-19 impacted the business. Regulatory reform, namely the FASEA exam, also impacted the business however, the biggest impact came from CountPlus changing to a 'clean' user-pays model without ...

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 ...
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