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Students achieve 85% pass rate in new SII exam

The first candidates in the Securities and Investment Institute’s pilot for a new financial services exam achieved an 85 per cent pass rate to gain the Introduction to Investment qualification.

London East Learning and Skills Council funded the pilot, run at Hackney Community College two weeks ago.

The Introduction to Investment course gives an overview of the financial services industry and develops candidates’ understanding of the need for regulation.

The syllabus covers the Financial Services and Marketing Act, money laundering, equities, derivatives and unit trusts.

The 11 successful students now seek employment in the industry. One student, Izana Wan Ahmad, has already received a job offer from JP Morgan as a graduate analyst.

The SII has a membership of 16,000 and is the qualifications body for the UK securities and investments industry. It hopes to extend the qualification to colleges nationwide.

Hackney Community College head of business school Tom Pamphilion says: “We are very proud of these first results. These students have exactly the type of candidate profile the SII qualification is aimed at.

“We will be helping them decide their next step if they now wish to work towards a career within financial services.”

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