Professional Standards

Professional Standards

From $1K to $10K: Adviser exam cost dissected

The individual experience of advisers going through the exam process varies wildly, reports CoreData's Simon Hoyle. That doesn’t make the experience wrong, or designed to suit some predetermined narrative about the impost of the industry exam. It’s just how it is.

Simon HoyleApril 7, 2021

Professional Standards

ASIC’s adviser registry ‘falls apart’ on qualifications

The regulator’s FAR has the potential to be a central source of truth about adviser qualifications, the FASEA exam and membership association, but formatting flaws and missing information are confounding users.

Tahn SharpeMarch 22, 2021

Professional Standards

ASIC to avoid unnecessary enforcement: Chester

With its new enforcement powers ASIC's Karen Chester said she wants the regulator to focus its radar on harmful misconduct rather than harm-free process breaches.

Matthew SmithMarch 12, 2021

Professional Standards

Code of Ethics obligations an afterthought for licensees

Licensees were given responsibility to monitor advisers’ adherence to the statutory Code of Ethics while ASIC has regulatory oversight which applies to all registered financial advisers giving advice to retail clients from January 1, 2020.

Matthew SmithMarch 11, 2021

Professional Standards

Banking and Finance Oath group folds into The Ethics Centre

The Ethics Centre's 2013 Oath program designed to promote ethics and accountability is returning to its "spiritual home", according to its outgoing director.

Tahn SharpeMarch 3, 2021

Professional Standards

Glenfield: Treasury free to rejig Code of Ethics

The ethics and education authority's CEO said it would be "fair" for Treasury to rethink the code's seven standards, and as part of the transition FASEA will make sure all submissions out of the Code of Ethics industry consultations are handed over for consideration.

Tahn SharpeFebruary 18, 2021

Education

FASEA’s demise: Be careful what you wish for

Industry leaders should endorse the spirit and substance of the Code of Ethics and accept that there will be inconvenient commercial consequences for some of the industry’s participants, argues Robert MC Brown.

Robert MC BrownFebruary 3, 2021

Education

Kaplan doles out free FASEA exam prep tools

Education provider Kaplan has announced free examination support for advisers who are yet to successfully complete the FASEA exam requirement, which all advisers must do before January 1, 2022.

Tahn SharpeJanuary 22, 2021

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