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|... the consumer," Perera said. Anderson pointed out that among the three main bodies that regulate financial advice - ASIC, FASEA and the Tax Practitioners Board - there is duplication in compliance requirements. The associations also faced questioning ...|
|... or in some cases nothing at all. "This is due to a number of reasons, but primarily the new education requirements from FASEA means they have to have a degree level qualification and many older advisors are just not willing or unable to spend another ...|
|Following requests from financial advisers, FASEA has provided relief from compliance with its continuous professional development (CPD) requirements. FASEA will now grant advisers an extra three months to meet its 40 hour CPD requirement. "FASEA recognises ...|
|... FASEA's exam by 1 January 2022, while they will have to meet the education standards by 1 January 2026 to remain practicing. FASEA has scheduled the exam across 327 sessions during the three months, with advisers having the choice of either the online ...|
|... the core asset classes. FIIG suggested best practice asset allocation should be part of the ethical standards set out by FASEA. It argued that if an adviser is providing prudent advice they should be compelled to consider best practice asset allocation ...|
|The extension to the FASEA education requirements has passed. The Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume tweeted that her promise of an extension for financial advisers had been kept. Advisers ...|
|Senator Rex Patrick, whose amendment to Treasury Bill Number 3 meant that the FASEA extensions hit a snag, is not backing down. The senator defended his amendment in an email to a financial advice association. "I added a schedule to the bill. Despite ...|
|... financial advisers are already under a great deal of pressure to meet new education requirements, await outcomes on the FASEA extension from an "unpredictable parliament" and overhaul their business models to meet regulatory requirements. "As small businesses ...|
|The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...|
|... association was getting queries from members who were unclear on whether they still had to do RG 146 CPD, now that the new FASEA CPD requirements are transitioning into effect. "Confusion has been rife as to when RG 146 CPD no longer needs to be recorded," ...|
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After BetaShares' success in attracting investors to its geared, index-shorting ETFs during COVID's market decline, another player is getting ready to throw its hat in the ring.
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Australian Unity has appointed a new chief executive for its wealth and capital markets business, as it also launches a new green bond fund backed by Crestone Wealth Management.
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A Monash University lecturer has pushed the case for a GST holiday, which he argues is the most effective way to generate "maximum economic bang for the government's buck".
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First Nations Foundation (FNF) has launched an online resource to help Indigenous Australians find, manage, and grow their superannuation.
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