FASEA proposes in FPS001 a revised set of education pathways for new entrants and existing advisers including a further defined recognition of prior learning (RPL) framework for existing advisers.

FPS001 provides guidance around the course credits that will be available for the Advanced Diploma of Financial Planning (including the historical eight course Diploma of Financial Planning – “DFP 1-8”) and coursework undertaken for industry designations such as the FPA’s 5 unit Certified Financial Planner designation or the AFA’s Fellow Chartered Financial Planner designation, which together with other relevant designations will be considered for approval by FASEA in accordance with FPS002.

RPL will be available for the 8 subject graduate diploma as well as bridging courses on the Corporations Act and Behavioural Finance, Client and Consumer Behaviour and RPL will also be available for the new entrant pathway as per the policies of approved education providers for both the bachelor degree and graduate diploma programs.