Professional Standards

Education

Extension Bill passes as FASEA flaws get airtime

The Bill granting advisers extensions to the education requirement time frames set out by FASEA were passed in the Senate on Wednesday following some revealing debate in both the House of Reps and the Senate about the statutory body's challenging 18 months.

Matthew SmithJune 17, 2020

Code trumps Corps’ Act on conflicts: Longstaff

Speaking on a panel as a representative of the The Ethics Centre and not in his capacity as a FASEA board member, Longstaff made sense of the Code of Ethics and its position next to law.

Tahn SharpeJune 9, 2020

Education

‘Second sitters’ lowered exam pass rate: Glenfield

FASEA’s chief executive attributed the latest dip in exam results to a larger cohort of advisers re-sitting the exam, whose pass rate came in at around 50 per cent. Tahn Sharpe reports from the Professional Planner Digital Licensee Summit.

Tahn SharpeJune 4, 2020

Education

Exam pass rate slips to 79 pc

Shortly after the government removed a stumbling block to the FASEA exam extension, the authority released figures showing more than 20 per cent of advisers failed the most recent round of testing.

Tahn SharpeMay 25, 2020

Education

LIC ban paves way for FASEA extensions

The Morrison Government has announced it will extend the ban on conflicted remuneration to LICs, a move that's likely to open the door for FASEA time frame extensions to be considered by the Senate.

Matthew SmithMay 21, 2020

Education

Limited licence advisers pushed out by standards

The effect of having financial planning education mandates imposed on specialists like accountants operating under a limited license is becoming clear, with a stunning reversal for the fastest growing licensee cohorts from last year.

Tahn SharpeMay 18, 2020

Education

FASEA extensions now unlikely this week

The FASEA deadline extensions promised to financial advisers look like they will be scuttled this week thanks to a Labor amendment attached to the Bill in advance of its planned introduction to the Senate.

Matthew SmithMay 11, 2020

Education

ProctorU boss moves to quell FASEA exam concerns

The head of online proctoring service ProctorU wants to dispel some myths and misinformation circulating about the firm FASEA is now using to conduct its exams.

Tahn SharpeMay 7, 2020