Skip to content
AFA Membership Survey - Education Standard
2020 AFA Virtual Conference
Your assistance is greatly appreciated in helping us to understand the education standard of members. The survey will only take 5 minutes to complete.
*
1.
Full name:
(Required.)
*
2.
Email address:
(Required.)
Your education and exam status
3.
What is your current status in terms of meeting the FASEA Education Standard?
I already meet the FASEA education standard
I am making good progress towards the FASEA education standard
I have not started, however I intend to meet the FASEA education standard
I do not intend to undertake any further study
4.
How would you classify your education status before having commenced further study? For more information on exemptions, please refer to
FASEA guidance
and the
FASEA Approved Recognition of Prior Learning List.
I have a FASEA Approved Degree
I have a Relevant Degree (8 subjects in a relevant field) and other exemptions (i.e. Post grad qualification, ADFP or a professional designation)
I have a Relevant Degree
I have some exemptions (i.e. 4-7 relevant subjects, non-relevant degree, ADFP or a professional designation)
I have no exemptions
5.
What is your FASEA exam status?
I have passed the exam
I have not passed the exam, however, I have qualified for an extension until 30 September 2022 (2 unsuccessful attempts before 31 December 2021)
I have not passed the exam or qualify for the extension
Recognition of prior learning and experience
6.
Do you think that FASEA got the recognition for prior learning and experience right in their policy?
Yes, they provided an appropriate amount of recognition
No, they did not adequately recognise prior learning and experience
I am undecided
7.
Would you support an increased level of recognition for prior learning and experience?
Yes
No
Undecided
The Government’s education standards for financial advisers Policy Paper
8.
The Government have issued a proposal paper to significantly redesign the education standard, including introducing an Experience Pathway that will require advisers with over 10 years’ experience as at 1 January 2026, who have no sanctions recorded against them, to do only the Code of Ethics subject. Do you support what the Government has proposed with the Experience Pathway? Please refer to the
Government’s Education Standards for Financial Advisers Policy Paper.
Yes
No. I support better recognition for prior learning and experience, however I think that the Government has gone too far.
No. I support the current FASEA model.
I am undecided
9.
If you oppose the introduction of an Experience Pathway, what are your reasons?
I think this undermines recognition of financial advice as a profession
I have already done the necessary study and do not think that this is fair
I think that we need to lift the minimum standard and everyone should need to do some amount of further study
Not Applicable – I support the proposal
10.
Do you support the experience pathway being based upon a requirement for 10 years experience in the last 12 years?
Yes
No - 10 years is not enough
No - I don't support the experience pathway
11.
Do you support the 10 years experience test applying at 1 January 2026?
Yes
No
12.
Do you support the requirement that you have no sanctions from the Single Disciplinary Body prior to 1 January 2026?
Yes
No
13.
Do you support the requirement under the Experience Pathway, to only do the one Code of Ethics subject?
Yes
No
14.
If the Government do go ahead with an Experience Pathway option, how do you recommend that it be framed?
What the Government have proposed in doing just the Code of Ethics subject
The completion of a four subject Graduate Certificate with some access to exemptions for prior learning
The existing model, however with credit of additional subjects for experience
I do not support any change
15.
Do you have any other suggestions with respect to the Experience Pathway?
Government Proposal – Qualification Pathway
16.
The Government have also proposed a Qualification Pathway that would enable both existing and new advisers to do 8 subjects at the degree level (AQF 7) or above in what they have described as relevant fields, with up to two subjects’ credit for FASEA approved exemptions. Do you support this Qualification Pathway proposal for existing advisers?
Yes
No. This fails to ensure that advisers are undertaking studying in the right areas.
No. This will require me to do more study than I might have needed to do under the old model.
17.
Do you support the application of the Qualification Pathway for new advisers?
Yes
No. It does not mandate the completion of sufficient core financial advice subjects.
No. It is not adequately defined and thus open to uncertainty and confusion.
None of the above
18.
Do you have any other suggestions with respect to the Qualification Pathway?
Current Progress,
0 of 18 answered
