MetLife welcomes bipartisan support for deferring adviser education requirements
Sydney June 17, 2020
MetLife commends the Federal Government and Opposition for extending timeframes for financial advisers to meet mandatory education requirements.
The passage of the Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 (Bill) today with bipartisan support means that advisers will have an extra year to sit the compulsory FASEA exam and an extra two years to hold an approved degree or equivalent qualification.
Richard Nunn, CEO of MetLife Australia said: “MetLife welcomes the news that Federal parliamentarians have listened to the adviser community about the challenges in meeting these timeframes. These challenges were heightened by the COVID-19 pandemic. We are also pleased that these changes received bipartisan support.”
MetLife supports strengthened professional standards for advisers and provides support to advisers by running targeted seminars and webinars for ongoing professional development and to help them sit the FASEA exam.
The Bill provides clarity to some of the more technical aspects of the Protecting Your Super regime, which is also welcomed.
Media Contact
Sarah Kelly
MetLife Australia
+61 (0)411 893 890
About MetLife
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.