“There is a lot of longer-term financial advisers who are not getting any credit for what they’ve done in the past and are required to do eight graduate diploma subjects,” he said. Anderson said that over the years the subject had been raised with the minister, who has currently delegated its powers in that matter to the FASEA, as well as with the FASEA itself through a number of submissions and interactions. Speaking on the education standards, chief executive officer of the Stockbrokers and Financial Advisers Association (SAFAA), Judith Fox, said that according to the legislation the members of her organisations were required to hold a degree equivalent, however FASEA determined that the only degree that would be approved would be that of financial planning.