The Financial Adviser Standards and Ethics Authority (FASEA) has cancelled its face-to-face April exam sittings and will offer advisers a remote online option for the exam due to the evolving COVID-19 pandemic.
The announcement came five days after the authority assured advisers that the April exam would proceed in all locations.
FASEA said it recognised the “challenges presented by the virus on the delivery of face-to-face exams” and that the exam provider, the Australia Council for Education Research (ACER), would make the April exam available to registered candidates as a remote online option or they could defer the exam until a later sitting.
“This measure is being taken in light of the evolving COVID-19 pandemic and in the best interest of all people involved with the exam,” FASEA said.
FASEA noted it was conscious of the need to continue to offer exams through the remainder of 2020 to enable existing advisers to meet the legislated timeframe.
“ACER will directly advise candidates registered for the April exam of details regarding registration and sittings, including details of the remote online option available for registered candidates,” FASEA said.
“ACER requests candidates to ensure their email addresses are up to date in the registration system.”
Comments
Pleased to finally see a common sense approach. Thank you FASEA for prioritising the health & safety of advisers on this occasion.
how about we all be responsible like they are asking, and defer by 12 months?
It always should have been available online from home. The whole thing is a total joke, in light of the coronavirus threat. All of this Haynes Commission - Kelly O'Dwyer garbage should be thrown out the window, given the seriousness of the economic threat facing Australia at the moment.
What about if FASEA were to contact Minister Hume and ALP's Stephen Jones and all Senators and actually recommend to them the extension to having to complete the exam be extended as proposed.
Based on the current and circumstances and for all the very genuine reasons put forward previously, this would surely be the right and ethical thing to do to provide some relief to advisers, their businesses,staff and families.
ASIC may also care to join with FASEA in actually recommending same to the Govt and doing something constructive for advisers rather than attempting to mow them down at every possible opportunity.
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