Life insurance specialist TAL has reported strong uptake of its Risk Academy Masterclasses, designed to help financial advisers prepare for the Financial Adviser Standards and Ethics Authority (FASEA) examinations.
The TAL Risk Academy FASEA Exam Masterclasses, led by TAL’s National Technical Managers David Glen and Scott Hoger, commenced in early July and will run through to October across the country, with initial sessions in Brisbane, Newcastle, Melbourne, and Geelong fully subscribed and some reporting waitlists.
Beau Riley, TAL head of licensees and partnerships, said the masterclasses will address confusion and apprehension around the exam content and process.
“We understand this is something which falls outside of most advisers’ day to day experience, and yet it’s an essential step in enabling them to continue providing financial advice to their clients,” Riley said. “We know there is a huge amount of knowledge and expertise within the financial advice sector, and these courses are designed to help de-mystify the way in which that knowledge will be tested as part of FASEA compliance. The response from attendees to date has been overwhelmingly positive. We have had to double our sessions in many locations to accommodate the level of demand, demonstrating the importance of providing this support.”
As part of the FASEA Masterclass, attendees will sit a practice test which helps them feel confident they are well prepared for the exam itself.
Existing advisers are required to pass the examination before Jan. 01, 2021, while new entrants or those returning to the industry are required to pass the exam after they have completed a FASEA approved degree, and before commencing quarter three in their professional year.
