FREE FASEA Continuous Professional Development Questions and Answers

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What is the primary purpose of Continuous Professional Development (CPD) under FASEA?

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CPD ensures financial advisers stay updated on industry knowledge and enhance their skills to provide quality advice.

How many hours of CPD are required annually for financial advisers under FASEA standards?

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FASEA mandates a minimum of 40 hours of CPD annually to ensure ongoing professional competence.

Which of the following is a valid CPD activity under FASEA guidelines?

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FASEA recognizes participation in workshops and conferences as valid CPD activities that contribute to skill enhancement.

How is CPD related to ethical practices?

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Continuous learning through CPD ensures advisers maintain ethical standards and provide advice aligned with current regulations.

What is the role of CPD in adapting to industry changes?

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CPD helps advisers stay informed about industry developments and adapt to regulatory or market changes effectively.

What is a key benefit of completing CPD activities for financial advisers?

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Completing CPD activities enhances credibility, ensuring clients trust the adviser's knowledge and skills.