Announcements

Financial Advisers raising education standards

Oct 20, 2021Media Releases

MEDIA STATEMENT

FASEA has today released a statement here highlighting strong progress by financial advisers in raising their education levels.

Key highlights of the release include:

  • 180% increase in FASEA approved university level course units being studied by existing and potential financial advisers.
  • Growth in new and potential entrants to industry.
  • Strong uptake by advisers of structured minimum 40-hour CPD requirements.
  • 212% increase in the number of FASEA approved current and historical courses since 2018.
  • Over 56% of advisers on the FAR have an approved or relevant degree
  • Over 67 current degrees and 54 bridging courses for existing and potential advisers to enrol in with further applications for approval being received and under assessment by FASEA.

“FASEA commends those financial advisers who have embraced raised industry standards and embarked upon uplifting their education levels.

The uplifting of financial adviser levels of education represents a key component of Parliament’s vision to build a trusted, educated, and ethical financial advice profession. Advisers who have completed their education or embarked on their education pathway will play a significant role in helping promote a profession that consumers can have confidence in today and into the future” said FASEA CEO Stephen Glenfield.

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.