CII to add 400 extra exam sittings
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The Chartered Insurance Institute is introducing 400 additional exam sittings following high demand for its diploma in regulated financial planning in the lead up to the RDR.
The first tranche of additional sittings will be based in the Solihull office of Personal Touch Financial Services.
CII head of corporate development of financial services Steve Aspinall says: “There has been a big demand for examination sittings for our new diploma in regulated financial planning.
“We have been looking for flexible ways to extend the availability of exam sittings and working with Personal Touch is a great solution – their support means we will be able to offer around an extra 400 sittings.
“We are working hard to support candidates and we will be opening similar facilities in new locations around the UK, starting in December with Bristol and York. We would encourage candidates to check the CII website regularly as we are adding sittings on an almost daily basis.”
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Readers' comments (9)
Mr Smug | 1 Dec 2010 12:07 pm
Wow - they must be raking it in.
And the more irrelevant they may the exams the more re-sits are needed and the more they make.
I'm clearly in the wrong business.
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Bob | 1 Dec 2010 12:58 pm
Maybe early retirement is the best option for those not wanting to take exams so close to retirement age, or even a support role.
An IFA of even average performance will have earnt a significant amount over their career and applied their own sound advice to grow the retirement 'pool'.
Times change and so does relevant experience, for those who have specialised they may still be advising what they advised 10, 20, 30 yars ago, as we all know the financial landscape is so different to even 10 years ago.
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Peter Duffy | 1 Dec 2010 1:07 pm
Simple question - with the exception of CII study material, when was the last time you paid a hundred pounds for a book ?
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Graham Carver | 1 Dec 2010 1:08 pm
I am in favour of better qualifications. But please can we have exams that ask relevant questions in a language that we can understand. The most recent RO6 questions were confusing to say the least. No one should have to attend a training course just to understand the language that is being used. Try plain english for a change.
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Bob | 1 Dec 2010 1:29 pm
@Alan Lakey
"In the rush to clamber further up the pole there is an audacious minority" - in your opinion, show me the actual facts to support this!
"This is both vile and laughable" - so is the fact that clients can be treated as cash cows and given unqualified advice which even based on experience can be wrong (an average return on investment for a client could be better if only the quality of advice was improved a little, qualifications are one means to this as is experience, both are important).
If you don't like RDR why not go advise in a less regulated part of the world, easy to find, and make a killing selling the highest commission products to all as standard.
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Anonymous | 1 Dec 2010 1:39 pm
RDR is a bonanza for the CII and other so-called training organizations!
The fact that many of their courses are poor quality, repetitive, irrelevant or out-of-date by the time you take the exam (due to ever-changing 'goal posts' as set by the FSA) doesn't seem to have any affect on the amount they charge for course material or the cost of sitting an exam.
Even when the financial services industry is in its death throws and there are only a few dozen advisers left, you can bet that there will still be a million regulators, compliance staff and trainers.
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The CII Gravy Train level 5, 6, and more to come | 1 Dec 2010 1:49 pm
I can hear the cash tills ringing. Better still lobby the FSA for level 5 and then six and make em pay all over again!
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CII JO con | 1 Dec 2010 1:56 pm
Don't ever forgive the CII JO con - not even level 4 and with at best no more than 50% passing making huge resit fees and all with a three month wait for results! CII should be sacked for misrepresentation! The CII is the PFS and Fay Goddard embrased RDR, hard than her husband on a cold night!
Try ifs(dip). Much more user focused and practical and runs circles around the CII who churn exam fee via failures.
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Anonymous | 1 Dec 2010 1:58 pm
The FSA expects advisers to charge peanuts for advice and at the same time shell out hundreds of pound for study material and exams. It makes me sick to think of the number of people living off the back of advisers.
I completely agree with Peter Duffy, when was the last time you spent £100 on a book?
Somebody is making a killing, only thing is it is advisers that they are murdering.
Call me cynical but after the comments made during the parliamentary debate is this so that the fsa can tell the tsc that there is no reason advisers will not be able to sit the exams before 2010?
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