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IFAs achieve 95 per cent A-day pass rate

Just under 95 per cent of candidates sitting the first Pensions Simplification Update Programme examination achieved a pass, according to the CII.

Results issued this week to candidates who sat the exam in April reveal that 288 passed the exam unit. The CII has already received a further 2000 entries for the remaining exam sessions this year.

The Update Programme was launched in February to help advisers prepare for the new pensions simplification regime that comes into effect on A-Day in April 2006.

CII qualifications and compliance manager Paul Turner said: The level of interest coupled with the outstanding exam results is a clear indication that advisers are fully committed to making sure that their pensions knowledge is up to date.”

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