FASEA confirms accreditation process for professional designations

FASEA announced on Wednesday that notices have been sent to a number of industry associations informing them of the process to have the course content of their designations approved by the authority.

"Existing advisers who have completed approved coursework in relation to approved designations will be entitled to up to two units credit into the graduate diplomas contemplated by the standards authority’s new education framework for advisers," FASEA said.

FASEA encourages all financial services industry associations with a relevant professional designation program to submit their curriculum content for approval as soon as practicable.

Last month, the authority released its policy on foreign qualifications for consultation, with the proposed standard requiring assessments from the organisation and by a Department of Education and Training (DET) approved body.

It said at the time that upon receipt of a certified copy of the individual’s qualification and a copy of the DET assessment from the DET approved body, FASEA will determine the requirements for the new entrant or existing adviser under FPS001 Education Pathways Policy.