The standards authority said enrolments in financial planning degree courses increased by 300 per cent over 2020 as new entrant demand to enter the profession finally began to pick up. Addressing the
FASEA’s big exam push as deadline looms
FASEA’s big exam push as deadline looms
The standards authority is pulling out all the stops to get as many advisers to pass the industry exam as possible by end of year, unveiling a new feedback system and one-to-one coaching for advisers who have failed multiple times.
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FASEA chief executive Stephen Glenfield told ifa the authority “does not have an interest in making people fail” and had taken on feedback from advisers struggling with the pressures of a full-length academic exam in some cases for the first time.
“The more advisers get through the better - it s better for the advice industry if you have people who have demonstrated they know what they’re doing,” Mr Glenfield said.
The head of FASEA has suggested Standard 3 of its Code of Ethics will likely be altered once the authority’s standard-setting powers are passed over to the Treasury later this year.
The head of FASEA has suggested Standard 3 of its code of ethics will likely be altered once the authority’s standards setting powers are passed over to Treasury later this year. Speaking at the SMS
FASEA CEO Stephen Glenfield has said the authority will be handing Treasury all the submissions it has been provided during its consultations on the Code of Ethics drafts, and that it would be “fair” for Treasury to rethink the code’s seven standards.
Appearing on a SMSF Association National Conference webinar with Christina Kalantzis, compliance director at Alexis Compliance & Risk Solutions, it was put to Glenfield that when Treasury takes over FASEA’s standards-setting functions they would “perhaps looking at rejigging that into the form they want going forward”.
“I think that’s very fair,” the CEO replied.
Treasury making their own adjustments to the code based on industry feedback and their own assessment would be consistent with the structure provided by the Corporations Act for the education mandate, he explained.