The welcome news last week that the FASEA exam and education extensions would finally pass into law has seen a slight uptick in advisers’ perceptions of their plans for the future, our latest poll has found.
The results of our poll, asking whether the FASEA exam and education extensions will have a positive impact on your plans for the future of your advice business, had a slightly more positive result than when we posed the same question in September last year (when the extension was first proposed) and in addition fewer respondents replied in the negative.
This time around 60 percent of respondents agree the extensions will have a positive impact on their plans for the future of their business, compared with 53 percent in September 2019.
Nearly a third (32 percent) say it will not have a positive impact (36 percent the first time we asked). This time around eight percent are unsure, compared with 10 percent in September 2019.
When we first asked the question last year the extensions were only just mooted and it was nine months before the Treasury Laws Amendment (2019 Measures No. 3) Bill’s challenging time getting through both Houses. (See: FASEA Exam Extensions Down to the Wire and Industry’s Warm Welcome for FASEA Exam Extensions).
One reader commented: “A positive impact ONLY at this stage in that I stick around for another 12 months. What happens after that…”
The poll is open for another week, so tell us if you agree with the results so far…