How many advisers passed the May exam?
Just over 40% of candidates who sat the May financial adviser exam have passed, according to the Australian Securities and Investments Commission (ASIC).
Some 496 advisers sat the exam in May and 212 of those passed, representing 42.7%.
This was an improvement on the previous sitting in February when only 32% passed, the lowest of all the sittings.
Almost three-quarters (72.2%) of candidates in May were resitting the exam for at least the second time.
Candidates had until Wednesday 22 June to ask for a re-mark of their paper.
The next exam would be held on 28 July-1 August, 2022 and enrolments would be open from 20 June, 2022 til 12 July, 2022. This would be the final opportunity for advisers who were operating under the nine-month extension to pass the exam.
AUTHOR
Laura Dew
Recommended for you
While returns and fees are the top priority for older Australians when it comes to their superannuation, more than one in 10 are calling for access to tailored financial advice.
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
