Introducing a code of ethics, minimum educational standards, and standardised continuing professional development, FASEA is a positive for the advice industry in its intent. It supports what the public, regulators and government is demanding: delivery of a homogenous, well-regulated and qualified industry, one where the interests of clients are paramount.
When regulation is introduced it sometimes need to be tweaked to be sensible at the same time continuing to draw a line on an outcome that is necessary.
Adjusting the timelines for the completion of the FASEA requirements is sensible in order to maintain the strength of our industry.
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