The Chartered Insurance Institute is launching an online exams service to replace the existing paper-based multiple choice exams from January 2007.
Under the online system, CII candidates will be able to sit exams at any time whereas at present advisers are restricted to sitting the exam at one of the quarterly sessions.
The format of the exams will remain the same and from January next year candidates will be able to choose where to sit their exams from around 40 centres across the UK.
The online service will cover the Certificate in Financial Planning including lifetime mortgages and long-term care insurance modules but CF5 will remain as a written exam. It will also include the Certificate in Mortgage Advice, the Foundation Insurance Test and all units in the Certificate in Insurance.
Candidates will be notified immediately after the exam on a provisional basis as to whether they have passed or not.
CII deputy director general Bob Bullivant says: “Flexibility is key to this new service. Candidates can take the exam when they are ready – taking exams during busy periods such as the financial year end can be avoided – and re-sits, for those that need them, will be available within days rather than months.”