Anyone who has not entered an FPC subject by that date will automatically be entered into the CII’s new, five subject Certificate in Financial Planning. The CII is to run FPC exams until July 2005.
CII deputy director general Bob Bullivant says: “The new Certificate in Financial Planning includes an additional module entitled Investment and Risk and we also strongly recommend that all FPC holders who have not completed the Savings and Investments exam ensure that their investment knowledge is in line with the new qualification by considering the new ‘Investment and Risk’ (CF2) exam.”
John Ellis, head of public affairs at the LIA, said: “ It is a new, updated and better exam system with more credible qualifications and greater relevance to financial advisers. It is a big step forward.”
The CII has also released a qualification course book ‘Risk, regulation and capital adequacy’ which has been conceived and written specifically to address the FSA’s risk-based approach to regulation.
The course book supports the CII’s new examination unit ‘Risk, regulation and capital adequacy’. This paper is compulsory for those sitting the Advanced Diploma in Insurance.
It replaces the ‘Risk and insurance’ unit with effect from the April 2005 examination session.
Dr Sandy Scott, director general of the CII, said: “This coursebook will be an invaluable tool to help insurers and reinsurers get to grips with the FSA’s requirements.”
