Announcements

FASEA confirms remaining Exam sitting dates for 2020 and adviser participation rates

Jun 18, 2020

FASEA confirms the remaining 2020 sittings for the Adviser Exam will be held over 5 days in each of August, October and November.

The Exam is scheduled to be offered across 327 separate sessions in those months.  Advisers will have a choice of a remote online or face to face exam option, subject to meeting COVID-19 requirements.

Each Exam will be offered over multiple days with sittings proposed in both metropolitan and regional venues. In person sittings will only occur if COVID-19 requirements allow.  Advisers who do not wish to attend a physical venue can sit the exam remotely on-line at any time across those sitting days.

The following summarises the exam availability in the remaining months of 2020.  If demand is high, FASEA has the ability to extend the number of days of each sitting to accommodate advisers wishing to sit.

 August: 

  • 5 sitting days from 13 to 18 August 2020
  • 8 Metro and 14 Regional physical locations
  • 156 sessions across the 5 days

The August exam is open for registration until 24 July with over 2,200 advisers registered to date.

October:

  • 5 sitting days from 8 to 13 October 2020
  • 7 Metro and 8 Regional locations
  • 87 sessions across the 5 days

November:

  • 5 sitting days from 5 to 10 November 2020
  • 7 Metro and 7 Regional locations
  • 84 sessions across the 5 days

Exam progress

Six separate exams across 32 sitting days have been run in multiple locations or online since June 2019.

Prior to COVID-19 restrictions, the exam was offered at 341 separate physical sessions in 30 locations.  Post the implementation of COVID restrictions, advisers have been offered multiple online sessions for April 2020 and June 2020 exams.

To date approximately 10,250 advisers have sat the exam.

In total approximately 55% (i.e. 12,450) of advisers registered on ASIC’s FAR have either sat the exam or have registered to sit it at future 2020 sittings.

FASEA will offer further exams with multiple sitting days in 2021.

For further information on exam sittings, please refer here

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.

 

 

The Financial Adviser Standards and Ethics Authority Limited was established in 2017 to set the education, training and ethical standards of financial advisers in Australia.