FASEA Education Standards 2

Question 1

Under FASEA's education framework, which body is responsible for approving courses that meet the education standard for financial advisers?

Accepted Answer

FASEA

Answer

FASEA was the body responsible for approving courses and qualifications that met the education standards for financial advisers.

Question 2

A financial adviser holds a pre-existing bachelor's degree in a non-financial field. Under FASEA standards, what is the most likely pathway for them to meet the education requirement?

Accepted Answer

They must complete an approved graduate diploma or equivalent

Answer

Advisers with non-relevant prior degrees generally needed to complete an approved graduate diploma or equivalent bridging qualification.

Question 3

Which of the following best describes an 'approved degree' under FASEA's education standards?

Accepted Answer

A degree in a related field approved by FASEA covering required knowledge areas

Answer

An approved degree must be in a relevant field and cover specific knowledge areas as determined and approved by FASEA.

Question 4

How many units are typically required in an FASEA-approved graduate diploma for existing advisers seeking to meet the education standard?

Accepted Answer

8 units

Answer

The FASEA-approved graduate diploma pathway typically comprised eight units covering relevant knowledge areas.

Question 5

Under FASEA's framework, the ethics component of the education standard requires completion of a unit covering which area?

Accepted Answer

Ethics and professionalism in financial services

Answer

An approved ethics unit covering ethics and professionalism in financial services is a mandatory component of the education standard.

(FASEA) Financial Adviser Standards and Ethics Authority Practice Test

(FASEA) Financial Adviser Standards and Ethics Authority Practice Test

FASEA Education Standards 2