{"id":60169,"date":"2022-03-29T13:40:19","date_gmt":"2022-03-29T02:40:19","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=60169"},"modified":"2022-03-29T13:40:19","modified_gmt":"2022-03-29T02:40:19","slug":"low-pass-rate-for-latest-adviser-exam","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2022\/03\/29\/low-pass-rate-for-latest-adviser-exam\/","title":{"rendered":"Low Pass Rate For Latest Adviser Exam"},"content":{"rendered":"<p>Only 32 percent of advisers who sat the February 2022 Financial Adviser Exam passed, ASIC results show.<\/p>\n<p>A statement from the commission says that in the February 2022 exam cycle, of the 333 financial advisers who sat the exam 108, or 32.4 percent, passed. Some 73 percent of candidates were resitting the February exam for at least the second time.<\/p>\n<p>In comparison, results from the <a href=\"https:\/\/riskinfo.com.au\/news\/2021\/12\/13\/15500-active-advisers-have-passed-fasea-exam\/\" target=\"_blank\" rel=\"noopener\">the November 2021 exam<\/a> saw 63 percent of candidates sitting the exam for the first time pass (compared with an average of 75 percent across all exams) and a total of 52 percent of all candidates passed that exam.<\/p>\n<p><a href=\"https:\/\/riskinfo.com.au\/news\/2021\/10\/26\/nine-out-of-ten-advisers-pass-fasea-exam-to-date\/\" target=\"_blank\" rel=\"noopener\">For the September 2021 exam<\/a> 65 percent of candidates sitting for the first time passed (compared with an average of 78 percent across all exams) while 61 percent of all candidates passed that exam.<\/p>\n<p>In outlining the latest February results, ASIC states that to date more than 19,850 candidates have sat the exam and nearly 91 percent of them have passed. Of those who have passed:<\/p>\n<ul>\n<li>Over 15,600 are recorded as current financial advisers on ASIC\u2019s Financial Adviser Register representing 90 percent of current advisers on the FAR<\/li>\n<li>Over 2,260 are ceased advisers on the FAR and may be re-authorised in the future<\/li>\n<li>Over 480 were new to the industry<\/li>\n<li>Over 3,250 unsuccessful candidates have re-sat the exam, with 67 percent passing at a re-sit<\/li>\n<\/ul>\n<p>The next exam sitting of 2022 will be held from 12 May until 16 May 2022. Enrolments for this will be open from 4 April 2022 and close on 26 April 2022.<\/p>\n<p>ASIC also notes that the February 2022 exam is the first it has administered. The exam was previously administered by FASEA.<\/p>\n<p>\u201cThe exam has been continuously conducted by the Australian Council for Educational Research since its inception and follows a rigorous process to ensure all candidates in all cycles are held to the same standard,\u201d it says.<\/p>\n<p>For the February exam cycle, as has been the practice for past exams, unsuccessful candidates will receive feedback from ACER to highlight the curriculum areas where they have under-performed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only 32 percent of advisers who sat the February 2022 Financial Adviser Exam passed, ASIC results show. A statement from the commission says that in the February 2022 exam cycle, of the 333 financial advisers who sat the exam 108, or 32.4 percent, passed. Some 73 percent of candidates were resitting the February exam for [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":60174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6994],"tags":[],"class_list":{"0":"post-60169","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-compliance-regulation","8":"category-education"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/60169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=60169"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/60169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/60174"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=60169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=60169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=60169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}