Who is testing the testers?
I am not a lover of exams.I think they are great for people with short-term memories but not so good for the others.I have to accept that some form of testing is required but who regulates the people who write the questions, etc?
We all know, for example, that the Cemap paper is a complete waste of time for advisers unless you are a member of the legal profession specialising in conveyancing but the law of the land dictates we have to pass the thing. So, like most IFAs, I started my revision- better late than never.
I reached the second page of questions and what do I find – question 18, the answer of which says a lender takes into account drawings and not net profits when evaluating income.
This is complete nonsense, as we all know. A week later, an IFS spokesperson said: “What was the question again, sir? Oh yes, we removed that one a few weeks back”.
This sort of behaviour makes me so angry. I have not even looked at page three. Any comments from other IFAs and the IFS on which questions have been cocked up?
Financial Solutions 2000,