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CII adds pension simplification exams

The Chartered Insurance Institute is launching new exams on pension simplification.

Deputy director general Bob Bullivant says the exams will be introduced this week and will be based on the changes to the pension regime.

The first modular exam paper will be ready in April. Papers will be in a multiple-choice format. A booklet is being published to accompany the exams. The CII has constructed the pension simplification exams to refresh advisers’ know-ledge of this sector of the market.

Bullivant says the syllabus can be formed because there is relative certainty what the changes to the pension world will be. A total of 125,000 people have taken the FP2 qualification which includes a pensions paper.

Bullivant says: “These exams are aimed at updating the knowledge acquired in FP2. Pension simplification is approaching and the CII has responded with these new exams.”

Life Protect IFA John Curren says: “Pension simplification is one of the biggest changes that the industry will see over the next year or so and the more detailed and thorough advisers can be, the better.”

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