The CII announces regulatory and competence framework
Learning materials are being introduced now in readiness for the first of the new exams in January 2005.
Developed in consultation with the industry these examinations meet the Financial Services Skills Council’s appropriate examination standards for retail investment advice.
Commenting on the changes, CII director general Dr Sandy Scott said: ‘Over the past year we have carried out a root and branch review of the FPC and worked closely with our customers to develop the most comprehensive learning and competence solution in the financial planning market. What we have now is a clear qualification pathway that is bang up to date with the market and with changes in the National Qualifications Framework.
‘We will also shortly be adding a new module to deal with pensions simplification.
‘Whilst it may take people a little while to get to grips with the new names, we strongly believe the changes will lead to improved standards which can only be good for the industry and its customers.’
The CII is now embarking on a major communications strategy to let its customers know what the changes will mean for them. Individualised learning statements will be sent to all candidates, accompanied by a comprehensive overview brochure detailing all the changes, the transitional rules, when the new exams are available and the learning solutions supporting them.