The Financial Adviser Standards and Ethics Authority (FASEA) has released the results from the May exam with almost 70 per cent of candidates passing.

Advisers who have failed to pass the FASEA exam on two occasions will be given one last opportunity to do so next year under a new exemption.

Accountants unfamiliar with material covered by the FASEA exam are being offered specialised help to prepare for the remaining exams of 2021.

The list of approved courses continue to grow as Financial Adviser Standards and Ethics Authority adds two qualifications.

The last FASEA exam for 2020 has resulted in a pass rate of about 75 per cent, a figure below the average across all exams.

Study towards a professional designation from four industry associations has been recognised by FASEA and will receive credit for prior learning.