86% pass FASEA exam
86% of advisers who sat the December Financial Adviser Standards and Ethics Authority (FASEA) exam passed.
The pass rate maintains the generally high levels recorded in previous exams.
The authority announced today that of the 2981 advisers sat the exam in eight metropolitan and 11 regional centres.
Commenting on the result, FASEA chief executive, Stephen Glenfield said the authority was pleased with the outcomes of the third exam.
He noted that unsuccessful candidates were able to resit the exam and would receive guidance on which knowledge areas they needed to improve.
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