FASEA financial adviser education reforms

FINSIA is conducting this survey with members in the financial advice community about the impact of FASEA's draft standard on education pathways. The survey is anonymous, and the survey data will inform FINSIA's submission to the FASEA consultation.

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* 1. How long have you worked in the financial advice industry?

5 years or less

6 to 10 years

11 to 15 years

16 to 20 years

21 years or more

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* 2. Which best describes the business that you work for?

I am an independent financial adviser

I am an aligned financial adviser

I provide advice as part of a dealer group

I provide advice as a representative of an AFS licensee

Other (please specify)

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* 3. What is your highest level of qualification?

Higher School Certificate or equivalent

Certificate IV

Diploma

Advanced diploma or associate degree

Bachelor degree

Bachelor honours degree, graduate certificate or graduate diploma

Masters degree

Other (please specify)

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* 4. Where do you think you sit on FASEA's education pathways?

I am a new entrant that requires an approved degree

I am an existing adviser with no degree

I am an existing adviser with an unrelated degree

I am an existing adviser with a related degree

I am an existing adviser with a related degree and a related post graduate qualification

I am an existing adviser with an approved degree

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* 5. Based on the draft FASEA guidance, what additional education do you expect you'll have to complete to meet the new standard?

A graduate diploma

A graduate diploma with recognition of prior learning

Bridging courses on the Corporations Act, FASEA Code of Ethics, Behavioural Finance

Bridging course on the FASEA code of ethics

Further comments

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* 6. Do you think FASEA's draft education pathways are appropriate for each type of adviser?

Yes

Unsure

Further comments

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* 7. Do you intend to exit the advice industry when the exam requirement comes into effect on 1 January 2019?

Yes

Unsure

Further comments

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* 8. Do you intend to exit the advice industry when the education requirements for existing advisers come into effect on 1 January 2024?

Yes

Unsure

Further comments

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* 9. Do you think that increased education standards will improve consumer outcomes?

Yes

Unsure

Further comments

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* 10. Do you have any further comments about the FASEA standard for education pathways that you would like FINSIA to consider in preparing its submission?