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FASEA EXAM
Financial planning
Understanding the code of ethics, statements of advice, breach reporting, and identifying inappropriate advice are some of the key problem areas advisers struggled with i...
Financial planning
Suicide as a result of regulatory change in the Australian advice industry is rising, according to Infocus chief executive, Darren Steinhardt....
Financial planning
With only one exam sitting left this year, there are still 4,213 advisers on the Financial Adviser Register yet to pass the exam....
Editorial
Advisers who sit the financial adviser exam under the corporate watchdog will pay almost 60% more than advisers sitting the exam under the current regime and transparency...
Financial planning
Mounting regulation is turning advisers into “admin assistants with Government records” and Government intervention is needed to maintain limited licensees in the industr...
Financial planning
Knowledge of when to provide retail clients key documents, identifying breaches, and the code of ethics are key problem areas in what was the worst collective result out ...
Financial planning
The education authority believes the pass rate for candidates that have sat the exam more than once is more favourable than other industry certification assessments....
Financial planning
The amendment instrument that scraps the three-month registration requirement for the November 2021 exam has been registered and registrations for the exam are now open....
Financial planning
There have been 333 unsuccessful candidates who requested a re-mark for the Financial Adviser Standards and Ethics Authority exam but only 28 have seen a change in result...
Financial planning
The Financial Adviser Standards and Ethics Authority has clarified what advisers should do if they did not pass the exam before 2022 or if they ceased to be a relevant pr...
Financial planning
Opening the November exam to all advisers and the conditional September 2022 extension could drastically improve how many advisers are on the Financial Adviser Register a...
Financial planning
Advisers have no obligation to help their clients find a new adviser if they lose their qualification because they did not pass the Financial Adviser Standards and Ethics...
Financial planning
The Financial Adviser Standards and Ethics Authority has confirmed that one question has been removed as it disadvantaged those candidates who use English as their second...
Financial planning
While the authority argues the high pass rate shows it is an achievable exam for “competent” advisers and has been a boost for consumer confidence in the industry, data s...
Financial planning
Financial planners at super fund-based advice have seen the highest percentage of those who have passed the Financial Adviser Standards and Ethics Authority exams. ...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...