Regarding the call from TAA to scrap the National Advisers Exam, I was one of the advisers who passed the FASEA run exam at first attempt but left the exam room shaking my head over the content that failed to actually test technical competency.
The questions were so far left field with questions on the labelling of ethical dilemmas not matching what was in the post grad accreditation course on professional standards to lose credibility.
My sympathy was with advisers who were not successful in the FASEA exam. The exercise was an expensive and prejudiced view against financial advisers when compared to other professions.
In particular the legal profession’s behaviour where gold plaiting and abhorrent fees makes the highly regulated world of financial advice, pale to insignificance when ethics are considered.