New Standards Set for Financial Adviser Exam with 67% Pass Rate
New Standards Set for Financial Adviser Exam with 67% Pass Rate
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
The Australian Securities and Investments Commission (ASIC) has recently released the results of the latest Financial Adviser Exam in February with a pass rate of 67%.
This exam sets new standards for financial advisers, ensuring they have the necessary skills to apply their knowledge of advice construction, ethics and legal requirements to practical scenarios.
The results show that 128 out of 192 candidates passed the exam, with 60% of candidates taking it for the first time. As of now, 20,425 individual candidates have sat the exam, with a 93% overall pass rate. Individuals who have passed the exam demonstrate the ability to provide competent and ethical advice to clients and have a comprehensive understanding of regulatory and compliance requirements.
Implications of the New Exam Standards
The new exam standards set by ASIC aim to ensure that financial advisers provide high-quality advice to clients. Over 15,850 current financial advisers on ASIC's Financial Adviser Register (FAR) have passed the exam, representing 99% of current advisers on the FAR. This indicates that most existing financial advisers meet the new standards, as will future advisers seeking to join the FAR.
Over 2,840 ceased advisers on the FAR may be re-authorised in the future if they choose to meet the new exam standards. With the increased emphasis on competency and ethics, advisers who were previously authorised may not have met the new standards and could be subject to review or disciplinary action. This ensures that individuals seeking financial advice receive high-quality, ethical advice from advisers who meet scientific standards.
What the Exam Covers
The Financial Adviser Exam covers a range of curriculum areas, including advice construction, ethics and legal requirements, and practical applications of advice. The exam is designed to test an individual's practical application of their understanding of these areas to real-world scenarios.
Candidates receive general feedback from ACER if they are unsuccessful. This feedback highlights the curriculum areas where the candidate has underperformed, allowing them to focus on those areas in future studies or training. The exam sets new standards for financial advisers that ensure they provide high-quality investment advice.
Conclusion
The Financial Adviser Exam sets new standards for financial advisers to ensure they have the necessary skills to provide clients with high-quality advice. With 67% of candidates passing the exam, the results show that financial advisers are up to the task. These new standards ensure that individuals seeking financial advice receive high-quality, ethical advice from advisers who meet the scientific standards set out by ASIC.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
The Reserve Bank's latest public commentary has kept attention firmly on inflation, household spending and the outlook for interest rates. For Australians considering a personal loan, the key message is not that borrowing conditions will change overnight, but that lenders are still operating in a market where funding costs, risk appetite and customer affordability remain under close watch. Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
Australia’s payments system is moving into a new phase, with the Account-to-Account Payments Roundtable releasing a national vision for how bank-to-bank payments should develop. The group brings together AusPayNet, Australian Payments Plus, the Reserve Bank of Australia and Treasury, and its latest update points to a future where everyday transfers are safer, more reliable, easier to use and more inclusive. - read more
The Reserve Bank of Australia's latest retail payments figures, released on 7 July 2026, add another useful snapshot of how Australians are managing day-to-day spending and short-term debt. In May 2026, total purchases on Australian-issued cards reached $99.7 billion, with credit and charge cards accounting for $40.7 billion and debit cards making up $59.0 billion. Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check! - read more
A credit score is a numerical representation of your creditworthiness. It's derived from your credit history, which includes the total amount of debt you have, your payment history, and other financial behaviours. - read more
In today's financial climate, many Australians find themselves exploring options to manage and optimise their financial commitments. One option gaining popularity is loan refinancing. But what exactly is loan refinancing, and how can it benefit you, especially without negatively impacting your credit score? - read more
Stepping into the realm of loans and finance can be a daunting endeavor, but it all begins with a solid foundation in personal budgeting. Understanding how to manage your money effectively is not just a skill—it’s a crucial aspect of securing financial stability and achieving peace of mind. By tuning in to your finances and preparing a thought-out plan, you’re setting the stage for a well-informed loan application process. - read more
Need Help Finding a Loan?
Find out now if you qualify and compare
rates, offers and options from multiple lenders - without a credit check!
All finance quotes are provided free (via our secure server) and without obligation. We respect
your
privacy.
Knowledgebase
Capital Market: A financial market in which long-term debt or equity-backed securities are bought and sold.
No comments yet. Be the first to share your thoughts.