Is FASEA imposing water torture?

Outsider/

21 February 2020
| By Outsider |
image
image
expand image

Outsider knows that advisers have had to jump through hoops since the Royal Commission, especially the new education requirements.

Outsider recently got wind of the FASEA exam conditions and was surprised (but should not have been surprised) that it too had hoops. Namely, a water hoop.

Advisers sitting the exam are not allowed to have water bottles on their desks for the 3.5 hour exam. They have to raise their hand, ask for permission, walk to the back of the room, locate their similar looking bottle, and then take a chug. Or, there is a water fountain. 

Advisers have been rightly outraged by this disruption for an exam that has already added a huge amount of stress to their lives. 

Perhaps FASEA believes they will write answers on their bottles despite it being an open book exam, or maybe that advisers will be drinking other clear liquids – maybe that might help them navigate the convoluted exam questions!

Outsider is just happy he does not have to ask for permission for access to drinking water in his day-to-day life – which by the way is recognised by the UN as a human right to have access to safe water.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months ago

Prime Minister Anthony Albanese has confirmed who will succeed Stephen Jones to serve as the Assistant Treasurer and Financial Services Minister. ...

2 weeks 3 days ago

ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors. ...

4 weeks ago

The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016....

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
91.29 3 y p.a(%)
2
3