SMSFA receives RPL credit for specialist designation
The Financial Adviser Standards and Ethics Authority has awarded the SMSF Association’s SMSF Specialist Adviser designation with a credit for recognised prior learning.
In an online update, FASEA confirmed the recognition of coursework from the Association of Financial Advisers (AFA) and SMSF Association (SMSFA) as part of its education standards for financial advisers.
Advisers who have completed the AFA’s Fellow Chartered Financial Practitioner (FChFP) and Chartered Life Practitioner (ChLP) in or after 2013 have been awarded twocredits for recognition of prior learning (RPL) in line with the application submitted by the AFA.
Those who have completed the SMSF Association’s SMSF Specialist Adviser designation on or after 2005 have been awarded one credit for RPL in line with the application submitted by the SMSF Association.
FASEA chief executive Stephen Glenfield said the awarding of credits for coursework to attain the AFA and SMSFA designations provides appropriate recognition to existing advisers who have undertaken these further studies.
These latest approvals follow the recognition of the Financial Planning Association of Australia’s five-unit Certified Financial Planner program in March this year.
FASEA said that a maximum of two credits can be awarded for the completion of higher education requirements by existing advisers who have completed one or more of the prescribed approved courses to attain a professional designation.
“For example, existing advisers would receive two credits towards completion of an eight-course FASEA-approved Graduate Diploma if they have completed the AFA’s FChFP or ChLP as described, or one credit if they have completed the SMSF Specialist Adviser designation,” it explained.
FASEA said it is continuing to assess coursework to attain professional designation applications that have been received from professional associations.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
