FAAA adds to approved specialisations program | Australian Markets
Five key areas have been added to the Financial Advice Association Australia’s (FAAA’s) approved specialisations program, enabling more educators and suppliers of designations and {qualifications} to develop into a recognised supplier of an ‘FAAA Specialism’.
Previously solely out there for suppliers offering specialisations in Aged Care, Life Risk and the Fellow Chartered Financial Practitioner (FChFP) designation, the program will now settle for functions from suppliers with packages within the areas of Estate Planning, Retirement, Money Therapy, Self-Managed Superannuation Funds (SMSFs) and Responsible Investing.
“There is increasing demand from consumers for advisers with demonstrated expertise in specific advice areas,” Anne Palmer, FAAA’s General Manager of Education, stated.
“We need to help advisers of their ongoing studying and development and help them keep within the occupation they’ve labored arduous to be half of. Licensees with advisers specializing in aged care or SMSF for instance, typically mandate additional schooling in these fields for his or her advisers.
“An FAAA endorsed specialisation ensures the schooling content material is of ample customary and that advisers holding the specialisation are persevering with to undertake no less than 5 hours of CPD per yr in staying up to date in that discipline.
“By expanding the Specialisations Program, we are helping advisers distinguish themselves professionally and partnering with quality education providers to raise the standard of advice across the industry. Recognising high-quality specialist education is one way we can make that pathway clearer, more rewarding, and more accessible.”
The FAAA additionally inspired educators or designation suppliers in different related “specialist fields” to apply to be part of the program.
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