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FASEA extension may only help a few hundred advisers

Because of the two-failed-sittings threshold, advisers who never intended to sit the exam and planned to leave at the deadline would not have any extension. If an adviser was yet to sit an exam, it was only possible to be eligible for the extension if they had registered for the July exam, as the three-month rule prevented back-to-back sitting attempts. There were only three exam sittings left for 2021 with no announcement made yet for exam times in 2022, which FASEA would no longer be responsible for. 1,182 unsuccessful candidates had re-sat the exam with 65% passing at a re-sit, while the overall pass rate was at 89% with over 13,500 having passed.

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