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.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
