August 8, 2019
FASEA has released details of the results of the June 2019 round of the FASEA adviser examination, in which more than 90 percent of advisers passed the exam.
In what it referred to as result highlights from the initial exam series, a release by FASEA this afternoon noted:
- The exam was held in nine centres across Australia from 20 June to 24 June
- 579 advisers sat the exam
- Over 90 percent of candidates passed the exam
The Authority advised the exam was subject to ACER’s comprehensive marking approach and is marked to credit standard, but where the pass rate will vary with each exam.
FASEA Chief Executive Officer, Stephen Glenfield, said: “FASEA is pleased with the implementation of the first exam and congratulates successful candidates on completing an important component of their education requirements under the Corporations Act.”
Glenfield added that unsuccessful candidates are able to re-sit 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.
FASEA also stated it has received more than 1,000 enrollments for its September and December 2019 sittings.