Over half of advisers pass Nov exam
Over half of advisers sitting the November adviser exam passed the test, according to latest figures from the Australian Securities and Investments Commission (ASIC).
Some 282 candidates sat the exam and 161 passed (57%).
This was up from 52% in the previous sitting and from 42% in May.
However, it was from a smaller pool of candidates with only 282 sitting in November compared to 628 sitting in July and August and 496 in May.
There was also 57% of candidates who were sitting the exam for the first time and 43% were resitting for at least the second time.
ASIC said:
Of those who have passed:
- Over 15,850 were recorded as current financial advisers on ASIC’s Financial Adviser Register (FAR), representing 99% of current advisers on the FAR.
- Over 2,700 were ceased advisers on the FAR and may be re-authorised in the future.
- Over 800 passed while completing their Professional Year of work and training.
The next exam would be held on 16 February and enrolments would open on 10 January.
AUTHOR
Laura Dew
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So I need to put on 2 provisional planners to hope that one actually makes it through? Since the deadline for existing planners has now passed, I'm assuming these are all fresh candidates coming to the exam with relevant degrees and studies. Maybe it's time for the exam to be reviewed.