The initiative, entitled, Give Something Back To Your Profession, is seeking associates of the CII and the Personal Finance Society with broad understanding of the industry and in-depth knowledge of particular sectors to help mark papers, draw up new exam questions and assist with syllabus development.
The CII says the move has been made in response to a 60 per cent increase in the number of people taking its exams.
Head of examination operations Trudi Mellon says: “Our experience shows that many senior practitioners enjoy giving something back to the next generation of the profession.”
PMI director John Stewart says: “I think it is a very good idea, provided the individuals involved have the time to spare. As an ACII myself, I would not normally consider involving myself but being paid for my time lends a lot of credibility to the idea.”
Churchouse Financial Planning director Keith Churchouse says the initiative is to be applauded but believes that advisers may struggle to spend time on attaining higher qualifications when the economic climate means that they are having to focus so much of their energy on staying in business.
He says: “There will not be enough advisers in the UK once the RDR goes through. I am confident the campaign will help raise awareness and education standards to ensure there are more numbers on the ground once the RDR comes through.
“However, whether or not it will be successful will depend on the current economic climate. Anybody who is capable of giving that advice really needs to be out selling at the moment.”