TAL, a leading Australian life insurance specialist, 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.
Commencing in early July, the TAL Risk Academy FASEA Exam Masterclasses are travelling across the country, with initial sessions in Brisbane, Newcastle, Melbourne and Geelong fully subscribed and some reporting waitlists.
The TAL Risk Academy FASEA Exam Masterclasses focus on supporting advisers in their preparation for the exam, providing key information to be aware of, guidance on the materials to be across and advice on how to prepare in a way that will maximise the potential for first time success.
Existing advisers are required to pass the examination before 1 January 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 3 in their professional year.
TAL Head of Licensees and Partnerships, Beau Riley, said the Masterclasses were playing an important role in addressing confusion and apprehension around the exam process itself, as well as the content the exams will cover.
“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,” Mr 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.
The TAL Risk Academy FASEA Exam Masterclasses are led by TAL’s National Technical Managers, David Glen and Scott Hoger, and will continue to be rolled out across the country through to October.
To find specific locations and dates and enroll in upcoming Masterclasses, advisers can visit: https://adviser.tal.com.au/risk-academy.