Reform sector or risk shortage of financial advisers (The Aust 01/10/19)

Jane Hume, the Assistant Minister for Superannuation, Financial Services and Financial Technology, has announced two key changes for the financial advice industry:

● An extension to the requirement for all advisers to complete the Financial Adviser Standards and Ethics Authority (FASEA) exam by one year to January 1, 2022.

● All advisers must meet the FASEA qualification requirements by an additional two years to January 1, 2026