The FSSC has added AF3 to their list of appropriate exams as meeting the full exam requirement for those carrying out pension transfers. Introduced in October, AF3 has replaced the CII’s G60 Pensions exam which is no longer available following the replacement of the Advanced Financial Planning Certificate with the new Advanced Diploma.
AF3 Pension planning will be examined for the first time in April 2007. Those who have already completed the G60 exam will not need to take the new AF3 unit
CII deputy director general Bob Bullivant says, “All CII exam units go through the most rigorous assessment and we are very pleased that the quality and high standards of our new pension planning unit has been recognised by the Skills Council. Candidates taking the new exam can be confident that it will meet the regulatory requirements for those undertaking pension transfer business.”