An announcement by the Financial Adviser Standards and Ethics Authority (FASEA) on mandatory education pathways for current financial planners has been welcomed by the Financial Planning Association of Australia (FPA).

“We are supportive of FASEA’s framework and welcome the clarity provided by proposed guidance on qualifications and pathways for existing planners,” CEO Dante De Gori said.

“The guidance will certainly help alleviate some of the anxiety financial planners are feeling about future compliance because some of their prior learning and existing studies will be considered to avoid duplication.

“We look forward to reaching the finalisation of this standard with FASEA once the consultation process has ended on June 29.”

To view the full announcement from FASEA, click here.