View more on these topics

Good intentions stumped

My disappointing start to the year continues. The new approach to the exams, of getting an examination date in the diary in order to force me to find time to study in preparation, looked to be working. I had cleared some time for study and managed to make a start on reading the course material.

Sadly, the good intentions came to a crashing halt due to a surprise deadline and some unexpected commitments outside work. The exam date came and went and unfortunately I was sat in the office instead of sitting in the exam room. In terms the English cricket team would understand, so far this year, I am 0 for 1 and batting on an uneven wicket.

The immediate future does not offer a much sunnier outlook. With the Budget looming and several long bank holiday weekends due in April, this means that short weeks and uneven deadlines will continue to disrupt the working week and the chances of taking much time off to study is not looking good.

On a more positive note, the reports that Money Marketing is receiving back from advisers who are finding time to sit the exams, attend gap-fill courses or try alternative assessments is encouraging.

Last month, Money Marketing carried the account of Ian Highton, partner at IFA firm Essential Financial Planners, who gave his experience of being among the first people to get to QCA level four by using the new alternative assessment offered by the CII.

Highton’s situation will be a familiar one to many IFAs. Despite having been in the industry for 14 years, the fact that his qualifications were from 1997 meant a considerable amount of work was left ahead of him to get from 50 credits to the 140 needed.

The assessment sounds like it is no easy option. A full day of assessment needs to be supplemented by evidence of three years’ worth of CPD and the preparation time needed in advance is considerable. Highton says that from signing up to the alternative assessment pilot in early December until the date of the examination at the end of January, he was doing roughly three hours of study and revision a day.

This is a considerable amount of time to have to find but Highton says that for experienced advisers who do not want to take written exams or who would rather get their studying done in one short, sharp burst, this is a worthwhile option.

Sadly, for those of us who have opted for the more drawnout traditional exam route, the long slog continues. Hopefully by next month, I will have some tangible process to report.

Recommended

PSigma’s Mott moves as oil nears $120

Bill Mott, the manager of the £444.2m PSigma Income fund, has announced changes to his portfolio this morning as unrest in the Middle East continued and the oil price again neared $120 a barrel. Mott says he would have liked to add more income-paying oil stocks to the fund. The share price of dividend payers […]

Touch on touchpoints

Reading a biography on ex-England rugby coach Clive Woodward and his attention to detail suggested some ideas about how advisers could also benefit from a focus on ’critical non-essentials’

Peace deal plan for banks

Whitehall officials are pushing a three-way deal between the Government, big banks and the Independent Commission on Banking. According to the FT, the move is aimed at preventing  a public confrontation between the banks and the commission, easing tensions between the Conservatives and the Liberal Democrats over banking reform and paving the way for the […]

Lloyds gets £15bn backing for branch sale

JP Morgan and Citigroup are providing a £15bn loan to Lloyds Banking Group after being appointed as joint advisers on the sale of 600 Lloyds branches. New chief executive Antonio Horta-Osorio sought the additional funding to speed up the sale of the branch network, which includes 185 Lloyds TSB Scotland branches and the Intelligence Finance […]

Natixis video: Making smarter use of asset classes

Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com