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
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
