View more on these topics

Another increase in adviser numbers for AFPC

The number of IFAs completing the Advanced Financial Planning Certificate has increased for the second consecutive exam session, according to the CII.

A total of 343 advisers completed the three exams required to be awarded the AFPC following the April 2002 exam sessions, up from 304 who finished the work at last year&#39s October session. This in turn was an increase from the 295 who completed the exams in April last year.

Overall pass rates for the AFPC also increased to 42 per cent from 36 per cent on the April 2001 session.

Candidates who successfully complete the AFPC are eligible to apply for membership of Sofa and use membership designation MSFA.

Once candidates have achieved the AFPC, they can then go on to complete further exams such as the Associateship membership and Fellowship.

Sofa managing director Brian Lawless says: “At a time when the spotlight is on the need for financial advisers to demonstrate professional commitment above the regulatory minimum, it is particularly encouraging to see the number of people completing the AFPC increase.”

Recommended

Birthday suits, you sir

Life on the ocean (well, Solent) waves on PIMS can be a choppy ride at the best of times but when you run into difficulties before you even set sail, you know you are in trouble.So Torquil Clark&#39s Don Clark (see left) found when he entered his cabin on boarding the Aurora and decided to […]

Talkback

“Yes. It would seem to be.”Dennis Taylor, Dennis Taylor Financial Services“No. Most people do not take too much notice of the rubbish they read in the press.”David Walters, David Walters Financial Services“No. I think people understand what it means.”Susan Varle,Reid Independent Financial Services“No, The name is still a traditional one and I think people are […]

Carrot tops for pension policy

The ABI has a plan to defuse the pension timebomb, trying to silence the calls for compulsory pensions by suggesting a carrot approach instead. It says by encouraging employer contributions through improved tax incentives, the £27bn savings gap can be cut by 10 per cent a year.It is about time that someone at least considered […]

Surefire route to simpler pensions

The UK needs a new and simple pensions system. The current system is widely acknowledged as being complex, confusing and difficult to understand.That makes it hard for people to save for their retirement. To its credit, the Government has recognised this and we now await the results of the different simplification reviews.Following this, the Government […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment