View more on these topics

Goddard calms fears over CII gap-fill tool

Advisers should not be alarmed if the Chartered Insurance Institute’s gap-fill tool shows up a lot of holes in their learning, according to PFS chief executive Fay Goddard.

Speaking at the PFS annual conference in Coventry this week, Goddard told delegates the CII had created its gap-fill tool so that members could go online to identify the continuing professional development they need to meet the QCF level four qualification required under the RDR.

She said: “Do not panic – a lot of people are worried when they see they have got 40, 50 or 70 gaps. These are small gaps and a lot of people will have already done relevant CPD and will be able to declare that they have done it.

“It may appear a bit daunting and I have heard people say it means they have to do more exams. That is not the case. You can do exams if you choose to but you certainly do not have to.”


HSBC adds hedged share classes to absolute return funds

HSBC Global Asset Management has launched hedged sterling share classes for its HSBC GIF European equity alpha and HSBC GIF global emerging markets equity alpha funds. The group launched both Ucits III absolute return funds in April this year. With the new share class, UK investors can avoid the associated currency risks.

Using a market neutral […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. The CII Tool is a useful starting point for advisers to see where they currently sit in the run up to RDR qualification levels. It does however need to be used with caution.

    For example this morning I have had an interesting conversation with an IFA who is both A Chartered Financial Planner as well as a Certified Financial Planner and like me he has a 60+ points gap.

    Interestingly both of us have BA (Hons) Degrees in Financial Services and both completed modules in Financial Services Regulations and Macroeconomic theory to a standard well above the RO exam levels of the CII.

    My points scores for these two subjects are .1/9 and 0/6 respectively. Feedback suggests that the BA (Hons) degree has scored some non specific points but has not been examined in depth by the CII.

    Fay is quite correct relevant CPD may well close the gaps for many advisers. I wonder though if all the professional bodies might not work together to produce a joined up tool rather than working in isolation of each other?

Leave a comment