The corporate regulator has confirmed it will incorporate legislative amendments to the financial adviser exam, with the March exam set to reflect the changes.
The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advisers understand their obligations, alongside the Quality of Advice Review.
Money Management collates the recommendations of major associations and how they would like the financial advice exam to change in the future following consultation.
Despite the February 1 deadline fast approaching, the Financial Advice Association Australia (FAAA) says there s close to 6000 financial advisers who are still not registered with ASIC.