View more on these topics

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.”

Recommended

Steve Bee on pensions

I thought it would be useful to look at the Pensions Act 2004 and put down a brief summary of what is going on with it and what we can expect to happen next. A sort of story so far, if you like.

NAB launches offset mortgage range through Clydesdale

National Australia Bank has increased its offering in the UK mortgage intermediary market by introducing a range of offset mortgages through Clydesdale Bank. The new product features include availability as a tracker, fixed rate – including two and five year fixed rates – or buy-to-let. They give you flexible payment methods, including interest only, capital […]

Framlington income fund soft closure

The Framlington equity income fund, managed by George Luckraft, is to soft-close from Friday 25th February 2005 by raising its initial charge to 5.25 per cent. The fund now holds 658m having grown from 157m at the end of 2003. Framlington says that there could be a risk to the funds performance should it continue […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment