FASEA releases inaugural exam results

8 August 2019
| By Chris Dastoor |
image
image
expand image

The Financial Adviser Standards and Ethics Authority (FASEA) has released its June exam results, from the inaugural financial advisers exam, with 90 per cent of candidates passing the exam.

The exam was subject to the Australian Council for Education Research’s (ACER’s) marking approach, and had been marked to credit standard. The pass rate would vary with each exam.

Stephen Glenfield, FASEA chief executive officer, said FASEA was pleased with how the first exam was implemented and congratulated successful candidates.

“Unsuccessful candidates are able to resit the exam and these advisers will receive guidance on which knowledge areas they need to improve to enhance their ability to pass at a future sitting,” Glenfield said.

The exam had been held in nine centres across the country from 20-24 June, and 579 advisers had sat the exam.

Registrations for the 2019 exam sittings on September 15 and December 18 were still open, with 1000 currently enrolled.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago