After careful deliberation, and feedback from over 530 members through a survey, on 1 February 2022, the AFA made a submission to Treasury on the proposed changes to the Financial Adviser Education Standard.
We welcomed the Government’s commitment to reconsider the financial adviser education standard and to provide improved recognition for prior learning and experience. However, we sought to provide an alternative to ensure, not only recognition of prior learning and experience, but also the retention of a requirement for a tertiary qualification. There have been many other voices responding to this proposal. There is a lot of noise.
This is a critical policy issue for the financial advice profession. It is important that members understand what has happened and what the status is.
AFA CEO Phil Anderson held a webinar to explain what the Government have proposed, what feedback we have received from members, what the AFA has recommended and why.