Announcements

FASEA approves education credits for FPA coursework to attain a Professional Designation

Aug 27, 2019

MEDIA RELEASE

The Standards Authority has approved an application for the recognition of coursework to attain a professional designation from the Financial Planning Association (FPA) as part of its education standards for financial advisers.

Advisers who after 1 July 1999 and before 31 December 2003, have completed the CFP 1-4 program coursework to attain the FPA CFP designation are eligible to be awarded two credits recognition for prior learning (RPL) in an approved Graduate Diploma.

“The awarding of credits for the CFP 1-4 program coursework to attain the FPA CFP  designation provides appropriate recognition to existing advisers who have undertaken these further studies,” FASEA Chief Executive Officer Stephen Glenfield said.

For guidance on courses required to meet the Education Standard, advisers are invited to use the online Education Pathways tool (link) or apply to FASEA using the Australian Qualification Feedback Service (link).

Additional Background
FASEA’s review of the CFP 1-4 program coursework followed an application from the FPA. The approval is recognition of the course content and assessments advisers are required to undertake to successfully complete the program.

The approved RPL will be added to FASEA’s Degree, Qualifications and Courses legislative instrument.

A maximum of two credits towards completion of higher education requirements can be awarded for an existing adviser who has completed one or more of the prescribed approved courses to attain a professional designation. These credits are in addition to any credits available for completing other relevant studies.

FASEA has approved credits for coursework to attain a professional designation for 8 professional associations. FASEA will continue to assess applications for credit for education undertaken towards a professional designation as they are received.

The full list of approved recognition of prior learning courses can be found on the FASEA website (link).
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The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.

 

 

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.