The final test

Outsider/FASEA/ASIC/

12 November 2021
| By Outsider |
image
image image
expand image

After 15 sittings across three years in locations all across the country, Outsider wishes the best for those advisers that have sat the last-ever FASEA exam this month.

The exam will transition next year to the control of ASIC, and although the process under FASEA has been much maligned by advisers over its tenure, Outsider hopes the new boss will take a different approach.
With the last exam before the 1 January, 2022, deadline now completed, Outsider congratulates those who have already passed the exam, whether they were an eager adviser who passed first time or one who was bold enough to leave it to the last minute. 

It’s been quite an odd ride for the over 16,000 advisers who passed the exam in the first 14 sittings, from ‘ambiguous’ questions to remote proctoring because of the COVID-19 pandemic… the exam has certainly tested the resilience of those advisers who committed to remaining in the industry.

The results for the final exam are expected to be released in mid-December and Outsider hopes those advisers waiting for an answer get an early Christmas present from FASEA.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 months ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 months 1 week ago

AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity. ...

3 days 3 hours ago

Advice firms are increasing their base salaries by as much as $50k to attract talent, particularly seeking advisers with a portable book of clients, but equity offerings ...

3 weeks 2 days ago

ASIC has released the results of the latest financial adviser exam, held in November 2025....

1 week 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo