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

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 ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... 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 ...

Advisers who failed FASEA exam granted extension

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
Senator Jane Hume is allowing candidates who have failed the Financial Adviser Standards and Ethics Authority (FASEA) exam twice to re-sit it in 2022. Hume took to LinkedIn to make the announcement in light of the July exam registrations closing tomorrow. ...

CountPlus acquisitions boost revenue by $9.4m

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
... provider of outsourced paraplanning services, Rowe said. The majority of the group's advisers (85%) have passed the FASEA exam. "The remaining advisers have either sat the FASEA exam in May 2021 or will sit the exam in July 2021," he said. "In addition ...
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