Experience Pathway Poll Result

What will it mean for your advice career if the Government implements its proposed Experience Pathway?
  • It will make no difference to my future advice career (53%)
  • It will definitely prolong my career as an adviser (31%)
  • It will probably prolong my career as an adviser (12%)
  • Not sure yet (4%)

Our latest poll result highlights the lifeline that the Government’s proposed Experience Pathway option may represent for a significant number of advisers.

As we go to press, more than half of those taking our poll (57%), have indicated the proposed Experience Pathway will make no difference to their future advice career. We expect a significant proportion of the 57% don’t need the Experience Pathway option because they’ve already met or will meet FASEA’s Qualifications Pathway by 1 January 2026, while a smaller proportion may have already determined they won’t be extending their advice career into 2026 and beyond, irrespective of the qualifications they hold..

While in the minority as far as this poll result, but still representing a significant volume of advisers if this result is consistent across the sector, almost four in 10 advisers have indicated the proposed Experience Pathway will definitely (27%) or probably (12%)  prolong their advice career, while only a small number (4%) have yet to make up their mind.

This poll isn’t about whether you support the Government’s proposed Experience Pathway option. Many don’t – mostly for reasons revolving around the perceived negative impact it will have in re-establishing consumer trust and also because so many advisers have already made the effort (in both time and cost) to meet FASEA’s Qualification Pathway requirements.

While some in the advice community may disagree (for the reasons stated above) with the fact that the Experience Pathway may be implemented, one way of considering this issue is to ask in which future would the consumer more likely become the ultimate beneficiary:

  • A future in which the Experience Pathway is not implemented, where consumer trust in the advice sector will be established or regained more quickly, a future where all advisers meet the Qualifications Pathway from 1 January 2026, but which will also mean – all other things being equal – thousands fewer advisers will be available to serve the financial needs of tens or hundreds of thousands of Australians; or
  • A future in which consumer trust may not be regained as quickly – a future which will contain, at least during a natural transition period, both Qualification and Experience Pathway advisers – but a future which will also see those tens or hundreds of thousands more Australians having access to financial advice which may not otherwise have been the case.

Our poll remains open for another week and we welcome your vote and any thoughts you may wish to contribute to this debate…


  1. For Life Insurance, advice is necessary if people want to attain the correct types and levels of cover. That has always been the case and will continue.

    What the Government needs to understand is the reason for the mass exodus of Advisers, is that there reaches a point where the time, cost and risk becomes too high, versus the reward.

    I would have thought that after seeing the end result of all the “improvements” with ten thousand Advisers exiting and virtually NIL risk specialists entering the Industry, combined with massive reductions in New Business and rising claims and costs, that the light would come on to show the carnage of bad policy.

    Those Advisers who have had to spend huge amounts of time doing additional study, only to find that now, they may not have needed to do it, are quite rightly upset.

    However, that does not fix the issue by saying if I had to do it, so should you.

    The Life Insurance Industry lives and will wither on the vine if there are insufficient Advisers working in this space.

    Life Insurance MUST have it’s own education path, which will allow holistic Financial Planning Practice Owners to be able to efficiently and quickly rebuild or build their Insurance service offering, by bringing on risk specialists who can be given the opportunity which currently does not exist, simply because the entrance is blocked by ridiculous degree requirements that 80% of the curriculum is not necessary or will even be used by the risk adviser.

    I would ask everyone to think past their own individual positions and think of what is best for the future of the advised Life Insurance sector.

    Hindsight is a wonderful teacher, though even after seeing the disasterous impacts of idealism, there are still people who think rearranging the deck chairs on the Titanic would end well.

    Avoiding the Ice-berg which was 100% avoidable would have been a better option, though full speed ahead on a collision course, seemed such a good idea as don’t forget, everyone said the Titanic was unsinkable.

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