Personal Loan Finance Online :: News
SHARE

Share this news item!

What the Latest Adviser Exam Results Mean for Australians

A steady pass rate arrives as access to qualified advice remains under pressure

What the Latest Adviser Exam Results Mean for Australians?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Australia’s financial advice sector has entered the new financial year with a mixed signal: new advisers are continuing to pass the professional exam at a steady rate, but the overall adviser pool remains under pressure.

ASIC released the results from the June 2026 Financial Advisers Exam cycle, showing that 209 people sat the exam and 71.7% passed. Among first-time candidates, the result was slightly stronger, with 104 of 137 candidates passing. The next exam is scheduled for 20 August 2026, giving another group of candidates an opportunity to move towards providing personal financial advice to retail clients.

On its own, a pass rate around 72% suggests the education pipeline is functioning. The more important issue for everyday Australians is whether enough qualified advisers are available to meet demand. Financial Standard reported that adviser numbers have slipped below 15,000, with the adviser population falling to 14,899 at the end of June. That matters because households are facing increasingly complex decisions around superannuation, retirement income, tax, insurance, debt and investing.

For consumers, the practical takeaway is not simply that more people are passing an exam. It is that the advice market is still adjusting to higher professional standards, compliance obligations and business model changes that have reshaped the sector in recent years. Fewer advisers can mean longer wait times, higher advice costs, or a greater need to be selective about when and how professional advice is used.

ASIC has also been checking compliance with the qualifications standard that took effect on 1 January 2026. According to the latest reporting, the regulator recently ceased the authorisations of 26 advisers and identified records where qualifications or training courses had not been properly marked on the Financial Advisers Register. While this may reduce numbers in the short term, it also reinforces the importance of a transparent register and consistent professional standards.

For Australians seeking help, the message is to do some groundwork before engaging an adviser. Check that the adviser is listed on the Financial Advisers Register, understand how they are paid, ask what areas they specialise in, and request a clear explanation of fees before proceeding. Good advice can be valuable, but it should be matched to your needs, not sold as a one-size-fits-all solution.

The adviser exam results show progress, but they also highlight a broader challenge: rebuilding advice capacity while maintaining trust. For consumers, staying informed and asking careful questions remain essential parts of making confident financial decisions.

Published:Tuesday, 7th Jul 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

What Personal Loan Comparisons Mean for Jetski Finance
What Personal Loan Comparisons Mean for Jetski Finance
25 Jul 2026: Paige Estritori
Canstar’s latest personal loan coverage is a useful reminder for Australians planning a lifestyle purchase: the cheapest-looking loan is not always the lowest-cost option once fees, loan terms and repayment flexibility are considered. While the guidance is written for personal loans broadly, it has clear relevance for buyers considering jetski loans, especially when a personal watercraft is being financed outside a dedicated marine loan. - read more
Why ATO Interest Changes Matter for Small Business Finance
Why ATO Interest Changes Matter for Small Business Finance
25 Jul 2026: Paige Estritori
Australian small businesses carrying tax debt face a sharper cash flow test as the after-tax cost of ATO interest becomes harder to absorb. From the 2025-26 income year, general interest charge and shortfall interest charge amounts incurred on tax debts are no longer deductible. For SMEs that have relied on payment plans as a temporary buffer, the change makes delayed tax payments more expensive in real terms. - read more
Why Towing Safety Should Shape Your Caravan Buying Budget
Why Towing Safety Should Shape Your Caravan Buying Budget
25 Jul 2026: Paige Estritori
Recent towing-safety coverage across Australia’s motoring media is a useful reminder that choosing a caravan is not only about layout, appliances and off-grid features. For buyers planning to finance a new or used van, the safety numbers can be just as important as the purchase price. A caravan that looks affordable on paper may still become a poor fit if it pushes a tow vehicle beyond its practical limits or forces costly upgrades after settlement. - read more
Fixed Home Loan Discounts Give Refinancers Fresh Options
Fixed Home Loan Discounts Give Refinancers Fresh Options
25 Jul 2026: Paige Estritori
A fresh round of fixed home loan discounting is giving Australian mortgage holders another reason to reassess their current deal, even as uncertainty remains around the next move from the Reserve Bank of Australia. Recent rate-tracking across the market shows more lenders sharpening fixed-rate offers, particularly across shorter terms, as competition for quality borrowers continues to build. - read more


Personal Loans Articles

Are Unsecured Loans the Safer Choice? Weighing Your Options
Are Unsecured Loans the Safer Choice? Weighing Your Options
Unsecured loans are a type of lending product that allow borrowers to obtain funds without the need to offer collateral. This means that the loan is not tied to any physical asset, such as a house or car, which can be seized by the lender if the borrower defaults. - read more
Your Guide to Debt Consolidation Loans in Australia
Your Guide to Debt Consolidation Loans in Australia
Debt consolidation loans are a financial strategy many Australians use to manage their debt more effectively. Essentially, they allow you to combine multiple debts, such as credit cards, personal loans, and other liabilities, into a single loan with one monthly payment. This can make it easier to manage your finances and could potentially reduce the amount of interest you pay over time. - read more
Refinancing Your Loan: Is It the Right Move for You?
Refinancing Your Loan: Is It the Right Move for You?
Loan refinancing is the process of replacing an existing loan with a new loan, usually with better terms. This financial strategy can be applied to a range of loans including mortgages, car loans, and personal loans. By refinancing, borrowers aim to achieve a more favourable interest rate, adjust the loan term, or consolidate debts. - read more
Unlock Better Loan Options: Quick Fixes for Your Credit Score
Unlock Better Loan Options: Quick Fixes for Your Credit Score
Your credit score plays a crucial role in your financial journey, especially when it comes to obtaining loans in Australia. It's essentially a numerical representation of your creditworthiness and helps lenders assess the risk of lending you money. - read more


Free Assessment

Loan Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.


Knowledgebase
Equity Release:
A way for homeowners to release cash from the value of their home, either as a lump sum or in installments, while still living in the property.