National exam to raise quality of adviceBY LINDA HAUSKEN | FRIDAY, 29 JUN 2012 11:45AMThe Australian Securities & Investments Commission is set to consult with the advice industry on its proposal to develop and implement a national exam for advisers. |
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Advisers are regulated by their licensee and when qualified undertake continuing professional development and this should be the measure for competency as we are required to study in various aspects of advice. Perhaps the curriculum for continuing education could include areas to be covered by ASIC rather than wasting unnecessary time examining everyone.
We have enough exams each year without adding more.