The Financial Planning Association of Australia The Financial Planning Association of Australia

FASEA extends education credits for FPA CFP coursework

The Financial Planning Association of Australia (FPA) is delighted to announce that its application to the Financial Adviser Standards and Ethics Authority (FASEA) to extend recognition of the CERTIFIED FINANCIAL PLANNER® coursework prior to 2003 has been approved.

Advisers who commenced the CFP 1-4 program coursework to attain the FPA CFP designation after 1 July 1999 and before 31 December 2003, are eligible to be awarded two credits recognition for prior learning (RPL) in an approved Graduate Diploma.

The approval is recognition of the course content and assessments advisers were required to undertake to successfully complete the program. The approved RPL will be added to FASEA’s Degree, Qualifications and Courses legislative instrument.

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. These credits are in addition to any credits available for completing other relevant studies.

Dante De Gori CFP®, CEO of the FPA, said the announcement acknowledges those financial planners who started before Semester 2, 2003, and subsequently completed the FPA’s four unit CFP® Certification Program.

“The FPA submitted all other additional pathways prior to 2003 for CFP® Certification to FASEA for accreditation, and we’re delighted that credits have been awarded for this pathway. This decision by FASEA recognises that the CFP® designation continues to be the globally recognised gold standard in advice. Of course we still wait for FASEA to approve the outstanding pathways we have applied for so that all CFP® Professionals receive the recognition they deserve.”