- Agree (42%)
- Not sure (35%)
- Disagree (23%)
The high pass rate experienced in the first two FASEA Adviser Exam series doesn’t necessarily appear to have bolstered confidence among many advisers who are yet to sit the exam.
As we go to press, less than half of those voting in our latest poll (46%), have said they’re confident they’ll pass the FASEA Adviser Exam, notwithstanding pass rates of 90+% and 88+% for the June and September series (see: No Changes to Adviser Exam Difficulty).
We speculated last week that the results from the first two exam series may not be representative of the broader community of advisers, suggesting there may have existed a higher-than-average level of confidence present among those going first. One reader agreed, commenting:
“The anecdotal conversations have also suggested that maybe the “bold” who jumped in early where generally fairly confident of their ethics/subject matter?”
The same adviser also made the point that those who haven’t sat exams in a long time (or may never have sat such exams) may also have been hesitant to step up first.
Whatever the reason, though, only 46% of our adviser readers are confident they’ll pass an exam which has so far delivered pass rates around 90%.
Our poll remains open for another week and we welcome your views…
I’m in my sixties, with over 40 years experience in insurance and financial planning. I passed the last sitting, despite me worrying I wouldn’t. Most of it is common sense and if you can put the exam nerves behind you, after doing the required study, you hopefully will get through. I am so pleased however to put that challenge, as it is only one of many we all face at present, behind me. Don’t be afraid, in the spirit of being Aussie, give it a go!
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