When licensees have a clearer number of how many advisers are left in the market at the end of the year, this will likely prompt them to consider setting up a pathway for taking on new entrants.
Since January 2019, new entrants were required to complete a Professional Year (PY) which comprised of 1,600 hours of work, at least 100 of which was structured training, before they could work as a financial planner.
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