The Financial Adviser Standards and Ethics Authority (FASEA) has approved coursework from two industry association and two university bridging courses, in the latest update of its list of approved courses.
As part of its education standards for financial advisers, FASEA approved applications for the recognition of coursework to attain a professional designation from the Association of Financial Advisers and the Stockbrokers and Financial Advisers Association.
Advisers who have completed coursework to attain the FChFP or ChLP designation between May 2009 and June 2013, offered by the AFA, have been awarded one credit recognition for prior learning (RPL).
Advisers who have completed a Professional Diploma in Stockbroking coursework to attain the SAFAA Specialist designation from 2001, offered by SAFAA, have been awarded one credit RPL.
The approvals are recognition of the course content and assessments advisers are required to undertake to complete the programs.
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.
FASEA has approved credits for coursework to attain a professional designation for eight professional associations.
FASEA also approved the Financial Advice Regulatory and Legal Obligations and the Behavioural Finance Client and Consumer Behaviour bridging courses at Swinburne University.
The bridging courses are available for existing advisers to meet the education standard. They will be added to a future Degree, Qualifications and Courses legislative instrument.
FASEA chief executive Stephen Glenfield says: “The approval of these additional courses builds on the body of courses approved by FASEA and provides additional choice to advisers seeking to meet the education standards.”
FASEA has approved a total of 66 historical courses, 63 current bachelor or higher degrees and 27 bridging courses.