The Chartered Insurance Institute’s gap-fill tool does not take into account certain learning outcomes such as risk management covered by CII exams.
Bryden Johnson IFA director Richard Bryant took the AF5 financial planning process exam last year. Using the CII’s gap-fill tool, Bryant found he had several gaps on risk management.
He says: “I wrote to the CII identifying several of the supposed gaps, which, in my opinion, had been covered by recent exams I took. There was a huge section on risk where seven out of the eight learning outcomes were gaps and all the supposed gaps were covered in AF5 in great detail. The problem is the AF5 does not have a study manual or a syllabus as such but it does go into a lot of detail on the application of risk. I thought that was quite worrying that it was not picked up.”
A CII spokeswoman says advisers who have passed holistic planning exams such as H25, AF5, FP3, CF5 and J08 may have gone further in their studies than the tool maps out.
She says: “The tool has been created to be interactive. We launched it with the minimum level of syllabus coverage as we did not want to overestimate how far individual advisers have gone with their studies.”
If previous study matches the gaps, this can be added using the add gap-fill evidence tool.