Melbourne August exam sitting to be online only
The Financial Adviser Standards and Ethics Authority (FASEA) will provide remote proctoring for Melbourne attendees of the August exam due to COVID-19 restrictions.
Following the Stage 3 stay at home restrictions for metropolitan Melbourne and Mitchell Shire, and the closure of exam venues, physical location exams would not be offered for the August sitting.
Physical exams in Geelong, Ballarat, Tralagon and Albury/Wodonga would continue to be offered.
Advisers who had registered for a physical exam in Melbourne would have the option for remote proctoring or to defer to a later sitting.
Exam administrator, the Australia Council for Education Research (ACER), would contact candidates registered for the August exam in Melbourne to explain their options to sit the exam.
Recommended for you
ASIC has called on superannuation funds to improve their oversight of advice fee deductions following an investigation of 10 trustees that found $990 million was charged in one year.
Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standard of perfection” when it comes to advice deductions.
Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.
Two advice professionals have shared five key takeaways as to how advisers can strengthen their communication with clients, especially at review time, in order to build deeper relationships.
