The Chartered Insurance Institute is changing one of its units for its level six qualification from being exam-based to coursework-based.
Final written exams for the AF6 unit of the advanced diploma in financial planning, which covers senior management and supervision, will be in October 2016. After this point assessment will be via coursework only.
Advisers taking this unit will have to submit three written assignments of between 2,000 and 3,000 words each with all assignments successfully completed within 12 months.
Candidates will need to achieve a minimum of 50 per cent of the marks available across all three assignments in order to pass.
The CII will limit intake to 100 candidates initially to test the assessment marking process.
CII director of financial services and insurance markets Steve Jenkins says: “Coursework assessment has been found to be particularly suited to AF6 given the evaluative and reflective nature in which senior management and supervision issues are tackled in the workplace.
“This new method widens assessment beyond the traditional exam, easing anxieties about performance in a time-pressurised environment. It also gives greater flexibility by allowing candidates to study outside the constraints of traditional April and October exam sessions.”