Remote access for FASEA exam



Financial advisers who live at least 150 kilometres from All Financial Adviser Exam centres will be able to sit the exam under live supervision using their own computers, the Financial Adviser Standards and Ethics Authority (FASEA) has announced.
The remote proctoring solution will be available from the February exam, during 13 to 18 February. Remote proctoring information can be found on the FASEA website, including which postcodes are deemed ineligible.
The February exam locations will include metropolitan locations along with Gold Coast, Wollongong, Cairns, Ballarat, Launceston, Port Macquarie, Traralgon, Tamworth, Townsville and Newcastle.
Registrations for the February exam are open and will close on 24 January, 2020. Over 1,700 advisers have already registered for the February exam, according to FASEA.
FASEA also announced that its 2 to 7 April exam would be held across 18 centres and included Townsville, Gosford, Sunshine Coast, Geelong, Toowoomba, Bunbury, Mackay, Geraldton, Wagga Wagga, Coffs Harbour, along with metropolitan areas.
Registrations would close on 13 March, 2020 and 140 advisers had so far been registered.
For the 11 to 16 June exam, advisers would be able to sit the exam in metropolitan locations along with Townsville, Gold Coast, Newcastle, Wollongong, Cairns, Bendigo, Albury/Wodonga, Rockhampton, Port Macquarie and Orange. The authority said registration would close 22 May, 2020.
FASEA noted that 2,981 advisers sat the December 2019 exam and that results would be release by the end of January.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.