ASIC releases latest exam results
Results are out for the latest sitting of the ASIC financial advice exam.
In the June exam, held on 5 June, some 237 candidates sat the exam and 66 per cent of them passed, ASIC said.
This is lower than the pass mark in the previous two sittings which stood at 73 per cent in March and 77 per cent in November 2024.
However, it is not as bad as the results in August 2024, when the pass mark stood at 62 per cent.
|
Sitting |
Pass rate |
|
June 2025 |
66% |
|
March 2025 |
73% |
|
November 2024 |
77% |
|
August 2024 |
62% |
|
June 2024 |
70% |
|
March 2024 |
70% |
Source: ASIC, July 2025
After strong results in March, this led to a substantial volume of new entrants coming onto the Financial Advisers Register (FAR). Almost 100 new entrants have joined since the results of the March exam were released on 4 April.
The next exam, which tests advice construction, ethics and legal requirements via practical scenarios, will be held on 7 August.
To date, 21,991 individual candidates have sat the exam and 92 per cent of them have passed successfully, ASIC said.
At the start of 2024, ASIC announced changes to the exam structure which saw the removal of the short-answer questions from the exam and increased the number of multiple-choice questions. It also removed the requirement limiting exam participation to new financial advisers who have completed an approved degree and existing providers.
AUTHOR
Laura Dew
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