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Maintain high exam standards

It was remarkable to see that the pass mark in the July 2003 sitting of the savings and investments exam was 70 per cent. Clearly, the exam is proving popular, with many IFAs keen to sit it.

Having sat the exam in July, my only concern is that the multiple-choice nature of the exam makes it less credible than other AFPC exams. While the exam had a handful of very difficult questions, overall, the multiple-choice format makes it easier and perhaps more profitable for the CII to mark.

I studied for G60, which was a quantum leap over the level of knowledge required for FPC. It is important for the industry to maintain the high standard required for any AFPC paper, be it a half or full credit. I do not feel multiple-choice is right for AFPC. SV1 needs to be a full written paper like other half credits K10 and K20, where the knowledge and understanding has to be produced from scratch. This is the only way we can aspire to the same professional standing as solicitors and accountants.

Manjit Singh IFA broker consultant, Biggleswade, Bedfordshire


IFAs urged to help set agenda for Treasury review of the FSA

The Treasury is drawing up the agenda for its two-year review of the FSA but is not formally consulting with the industry on what should be included in the review.The review is required by the Financial Services & Markets Act of 2000 and is scheduled to begin by December.Although the Treasury is expected to have […]

Exam answer is needed

The LIA is correct to raise concerns that the Skills Council&#39s plans for a move from approved to appropriate examinations will lead to a patchwork of standards across different firms.In reality, different standards probably already exist. But the LIA is concerned that a regime of qualifications that puts the onus on firms concerned to come […]

Market Harboro&#39 and GMAC take loan steps

Market Harborough Building Society and GMAC-RFC are using through lending to launch a stepped lifetime discount mortgage.Through lending entails GMAC-RFC marketing the product while Market Harborough acquires the mortgage assets the day after completion.The loan has a rate of 2.99 per cent for the first year, a discount of 2.5 per cent from GMAC-RFC&#39s standard […]

Gary Withers

After university, Gary Withers went travelling, walking around volcanoes, which has stood him in good stead since taking over as Norwich Union Life chief executive in some of the most explosive times ever seen by the industry.He became chief executive last year and believes the insurance industry has “turned the corner”.He says: “I think we […]


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