FASEA just made life easier for some advisers

Alex Burke,  Senior Writer,  No More Practice Education

FASEA has now approved two further professional designations as eligible for recognition of prior learning credits.

Those advisers who completed coursework to attain the Certified Practicing Accountants (CPA) in or after 1989 will be awarded one credit. They'll be eligible for a further RPL credit if they completed at least one financial planning elective in the program.

Those electives are:

  • Personal financial planning and superannuation
  • Financial planning fundamentals
  • Superannuation and retirement planning
  • Investment strategies
  • Risk advice and insurance
  • Financial risk management

Furthermore, advisers who completed coursework to attain the Charted Accountant designation offered by the Chartered Accountants Australia and New Zealand (CAANZ), in or after 1972, will also be awarded one RPL credit.

Commenting on the new approvals, FASEA chief executive Stephen Glenfield said: “The awarding of credits for coursework to attain the CPA and CAANZ designations provides appropriate recognition to existing advisers who have undertaken these further studies.”

This news follows FASEA assigning RPL credits for the Association of Financial Advisers' and Fellow Chartered Financial Practitioner (FChFP) and Chartered Life Practitioner (ChLP) designations (two credits) and the SMSF Association’ SMSF Specialist Adviser designation (one credit).

At NMP Education, we're committed to supporting the financial advice community. As part of that commitment, we're demonstrating the value of financial advice via our new program, Secrets of the Money Masters, airing Saturdays at midday on Channel 9. 


The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice Education Pty Ltd or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.

 

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