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CII introduces half-papers to promote AFPC

The Chartered Insurance Institute is planning to pilot half-credit AFPC

papers in a bid to make the qualification more attractive to IFAs.

A proposal was passed at a CII board meeting last week to offer papers

worth half the credit of existing papers.

The pilot scheme will kick off from April 2001 on the topics of pension

fund withdrawal and investment considerations for pensions.

The CII is hoping that providing the choice of full or half-credit papers

will make examinations more accessible.

It is keen to emphasise that the move will not compromise standards and

that testing will be just as thorough as on existing papers.

Director of qualifications and research Tony Tudor says: “The move fits in

very well with the idea of continuing personal development as most people

studying for AFPC are doing so part time, juggling study with work. This

offers a new route to the same thing and provides advisers with greater

choice.”

LIA director of public affairs John Ellis says: “It is great news. Pass

rates for AFPC have been quite low. Half-papers will not lower standards

but will encourage more people to study part-time.”

The CII is aiming to raise awareness of financial exclusion through its

educational literature. The initiative follows a meeting with Treasury

officials.

Divisional director Freddie Hospedales says: “This issue gives financial

services companies the perfect opportunity to get out and show the public

and the Government that, against all rumours, this profession, as well as

being one of the most successful sectors of the UK economy, also has a

considered social responsibility.”

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