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Latest adviser exam results in
JAMIE WILLIAMSON  |  TUESDAY, 7 APR 2020
FASEA has announced more than 82% of financial advisers that sat the February exam were successful. Releasing the results today, the body said 2231 advisers sat the exam in mid-February and 82% passed. More than 30% of the advisers listed on ASIC's ...
COVID-19 sparks renewed fight for commissions
ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... grandfathered commissions early, even when a High Court challenge of the grandfathered commissions ban was on the cards. "LIF, FASEA, the banning of grandfathered revenue and resultant structural change has led to 23 suicides (COVID -19 death toll is ...
Could relief on advice compliance save consumers?
ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... not be able to wait for in the current circumstance. Transitioning grandfathered commission clients and studying for the FASEA exam are things that may be taking advisers attentions away from what's important right now, Anderson said, and the AFA ...
IMAP not anticipating regulatory overhaul
ELIZA BAVIN  |  WEDNESDAY, 25 MAR 2020
... regulations became effective," he said. In relation to the code of ethics, Potter said IMAP has been working closely with FASEA on the impact of the code and those who give advice on managed accounts. "We have had very good engagement with FASEA. We ...
Positives from the pandemic for advisers
ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... advisers. "For the first time in many years we have politicians publicly acknowledging that the current government and the FASEA organisation they created have gone too far," Johnson said. "Shadow Minister for Financial Services Stephen Jones has been ...
FASEA exam to go online
HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
... has cancelled the scheduled April adviser exam, with advisers set to take it online as the COVID-19 pandemic rolls on. FASEA has been forced to cancel its April face-to-face exams. Recognising the difficulties posed by the current circumstances, FASEA ...
FASEA rethinks CPD, provides exam update
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
FASEA and its exam provider ACER have offered an update on what financial advisers can expect from the FASEA exam amidst the COVID-19 pandemic - taking a wait and see approach. Meanwhile, financial advisers are also calling for FASEA to reconsider its ...
How to ensure clients will pay higher fees
ELIZABETH MCARTHUR  |  FRIDAY, 28 FEB 2020
... grandfathered commissions from 31 December 2020, new annual renewal obligation starting this year and the completion of FASEA education requirements will all add complications for advisers. Those clients with less money, who paid the lowest fees, will ...
Life commissions, referral fees still kosher: AFA
ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... Sydney provided financial advisers a clear message on life insurance commissions and referral fees, and took aim at a former FASEA board member in the process. AFA general manager of policy and professionalism Phil Anderson dove into commissions and ...
Stability needed: Maroney
ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... specialists can flourish," he said. In the "brave new world" Maroney sees emerging post-Royal Commission, underpinned by the new FASEA education regime, association representation will be vital, he urged. He said the SMSF Association is undertaking research ...
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