FASEA won’t be drawn on final adviser numbers

The standards authority has indicated that it is up to “individual choice” whether advisers complete industry education standards on time, as it revealed an extremely low number of practitioners have completed their requirements so far.

by | Jan 12, 2021

Consumers confused by meaning of ‘general’ advice, ASIC

Responses to questions on notice from the Senate economics committee from FASEA reveal that just 700 of 22,000 advisers on the ASIC register have so far completed their full educational requirements under the new standards, which come into force for existing advisers on 1 January 2026.

Read more at ifa.

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