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Showing 31 - 40 of 76 results for "ASIC Financial Adviser Register"

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... financial advice sector is losing thousands of advisers a year (just over 20,000 remain on the ASIC Financial Adviser Register now) - highlights issues with the funding model and will cause more advisers to exit the industry. The group says the funding ...

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
... total of 11,241 advisers have passed the exam, just over half the approximately 20,000 on the ASIC Financial Adviser Register. For the first time, this year FASEA offered additional support materials to help advisers pass the exam. This included a pre-exam ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... ongoing outflow of advisers from the industry, with just 58 provisional advisers currently on the ASIC Financial Adviser Register - no match for the 7600 that have left the industry since December 2018, according to the submission. "More needs to be ...

ASIC bans former IOOF, MLC adviser

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 JAN 2021
... financial services. Pavlidis had been working in the financial services industry since 1986. The ASIC Financial Adviser Register shows he ceased in October 2018. Most recently, he was authorised by IOOF's Consultum Financial Advisers. Prior to that ...

FASEA urges advisers to maximise exam sittings

ELIZABETH MCARTHUR  |  MONDAY, 11 JAN 2021
... sittings of the exam scheduled. So far, 11,241 advisers have passed the exam - just 52% of the ASIC Financial Adviser Register. FASEA is in the process of being shut down and its functions transferred to other regulatory agencies as the government seeks ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... memberships. 2. 916 advisers gone in three months, ASIC responds (May 21) Rainmaker analysis of the ASIC Financial Adviser Register revealed that 1488 advisers had fallen off the register between January and May 2020, with the bulk dropping off in the ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... financial planning, margin lending and superannuation. According to Rainmaker analysis of the ASIC Financial Adviser Register, about 9894 current financial advisers hold a Diploma of Financial Planning, be it a current or past iteration. A further 5051 ...

82% of advisers pass August FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 1 OCT 2020
... released the results of the August exam, with 82% passing. The results mean 46% of advisers on the ASIC Financial Adviser Register have now passed the compulsory exam. A total of 1521 advisers sat the exam. FASEA did not reveal how many advisers were ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... 2000 financial advisers leave the industry amid a time of flux for the sector. In January, the ASIC Financial Adviser Register showed 23,682 active advisers, but now the register shows 21,913 advisers. That's a difference of 1769 advisers - and the ...