More than 2000 advisers at risk as deadline loomsBY JAMIE WILLIAMSON | MONDAY, 1 DEC 2025 12:35PMJust one month out from the qualification deadline, some 2326 financial advisers are still yet to meet the standard, says ASIC. Related News |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
I am relying on the " Experience" pathway. I have qualified in every respect - however, the ASIC website which requires me to update my record, is extremely difficult and very non-intuitive to negotiate. I have lost count of the number of times my very experienced PA has tried, but ends up not being able to negotiate a pathway to successful registration. I wonder how many other frustrated AFSLs are trying - but are being beaten by the dreadful ASIC Website software - and then they have the hide to blame us! if you want help, you sit on the phone to ASIC for an hour - we have already done this on several occasions - with no resolution.
I booked for ASIC to phone me last Friday, to assist - we didn't get a call. I don't know how many hours spent on this, trying to get the FAR record correctly updated, to no avail so far. It is extremely frustrating.
Another joke from ASIC except its not funny for any one who has completed the useless Fasea exam
I am surprised that it is legal for ASIC to have pushed this confusing onus on advisers who did nothing wrong while the CEOs have not had to re-skill, re-educate and not even asked to complete a refresher course on "CORPORATE GOVERNANCE". It is infuriating and honestly unethical. I too have been trying to navigate this circus for years. My life and livelihood still on hold pending some communication from a decision maker who understands the maze.