FASEA approves Victoria University courses

It was announced on Wednesday that advisers who complete the course will meet the education standard.

FASEA has also approved three new Victoria University bridging courses — BAO7008 Financial Advice, Corporations and Commercial Law; BAO7005 Professionalism and Ethics; and BAO7007 Behavioural Finance for Financial Advisers — which will all be added to a future degree, qualifications and courses legislative instrument.

“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 standard,” FASEA CEO Stephen Glenfield said.

“The support and commitment from all higher-education providers is integral to the raising of the standards in the financial advice profession.”

Since 2017, FASEA has approved 199 programs and courses including 78 historical degrees and courses and 67 current bachelor or higher degrees.

The news comes after FASEA announced the results of its July exam on Tuesday, which saw only 60 per cent of participants pass.

Candidates who were unsuccessful in this exam will receive additional individual feedback to highlight the curriculum areas where they have underperformed. They will also receive an invitation to a FASEA-led webinar to help them understand their results and provide guidance on how to prepare for their next sitting.

FASEA’s next exam will go ahead in September, with 1,700 advisers said to have registered.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.