The professional future of about 16,000 financial advisers remains in doubt as the Senate prepares to delay further the Morrison government's promised extension to the deadline for meeting new mandatory education standards.
On Monday, the House of Representatives removed a Centre Alliance amendment from government legislation that would grant a one-year extension to financial advisers to complete a mandatory exam, putting the industry's fate back in the hands of the Senate.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
