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FASEA
Financial planning
Practices that will lose or are at risk of losing advisers next year will need to start recruiting now for a smoother handover for clients next year....
Financial planning
Under 1,800 advisers have failed the exam and a quarter of those have failed twice or more, and an industry extension to September would have helped practices that had no...
Expert Analysis
Phil Anderson writes how advisers can be supported in the in the run up to the FASEA exam deadline as this can be a stressful period for those yet to pass....
Financial planning
The Government’s limited one-time extension for certain existing advisers to pass the exam will have until 30 September, 2022. ...
Financial planning
Advisers who have failed the FASEA exam at least twice will have a limited opportunity to sit it one more time in 2022 under new Government rules....
Financial planning
There will not be any changes to the Financial Adviser Standards and Ethics Authority’s Standard 3 of the code of ethics this year as it is Treasury that will have to mak...
Financial planning
There will be opportunities for those advisers who opt out from continuing to provide the advice to stay in the industry by carrying on as business owners, Sequoia Financ...
Financial planning
Career break is unlikely to be a reason to give relief on professional standards, according to guidance from the corporate regulator, and an industry association has call...
Editorial
With so much at stake the Financial Adviser Standards and Ethics Authority needs to provide proper clarity on pathways for advisers who do not pass the exam this year....
Financial planning
If you did not pass the FASEA exam and apply for a re-mark, FASEA will give you some indication whether or not it is worth trying....
Financial planning
If existing advisers are classed as “ceased” by the end of 2021 and have not passed the FASEA exam they will not be classified as a ‘new entrant’ in 2022 if they want ret...
Financial planning
Despite 400 new entrants doing their professional year, this number is far below what is required to sustain the industry....
Financial planning
Over 60% of advisers who exited the Financial Adviser Registered during July 2019 and December 2020 had less than 10 years of experience, according to the Financial Advis...
Financial planning
There are close to 700 advisers who have passed the FASEA exam but are listed as ‘ceased’ by the Australian Securities and Investments Commission, according to data....
Financial planning
Questions from the Financial Adviser Standards and Ethics Authority exam can be removed from marking for English as a second language exam participants, if it is shown to...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...