With a large proportion of financial advisers having now completed the FASEA exam, ... to assist financial advisers with their exam preparation, including recommended reading lists, sample examination ...

In answers to questions by Senator Ben Small, FASEA said across 12 exams sittings so far there were 1,516 candidates who had completed two or more sittings, and the pass rate for this group was 65%.

Minister for Financial Services Jane Hume has defended the FASEA exam. Credit: Alex Ellinghausen Those who fail to pass the exam by the end of the year will have to leave the industry.