The Chartered Insurance Institute has launched a new pensions exam unit following the introduction of radical new freedoms this week.
Money Marketing revealed that the CII was planning to launch a new unit in February, whilst also overhauling other relevant programmes.
The CII says the new unit, R08, will help students understand how the latest changes impact those seeking advice on retirement, and helps professionals tailor advice to best benefit their clients.
R08 caters to all candidates who hold an existing pensions exam. In addition it will provide 10 Diploma-level credits to contribute towards the Advanced Diploma in Financial Planning.
CII director of financial services and insurance markets Steve Jenkins says: “R08 is key in providing structured continual professional development to ensure qualified advisers are kept up to date with the changes coming to pensions so they can continue to advise those in need.”
Exam sittings will begin from August, with sitting available locally, or online.