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Widows academy backs IFP’s paraplanner exam

The Scottish Widows Academy will support the development of the Institute of Financial Planning’s new paraplanner qualification and will offer it to intermediaries from the middle of the year.

The IFP recently published the syllabus for the certificate in paraplanning, which will be set at QCF level four.

A small number of candidates are expected to attempt the examination early this year through two pilot schemes.

The first public examination will take place towards the end of June, with an expectation that at least 100 paraplanners will take the exam this year.

The Scottish Widows Academy, which launched in 2008, offers learning support to intermediaries, including workshops, a learning library andstudy planner.

Scottish Widows head of market relations George Andrew says: “Our research shows that many intermediaries are changing their business models and this includes some advisers recruiting and working with paraplanners so we are deligh-ted to make the IFP’s new paraplanner qualification available through the academy.”

IFP chief executive Nick Cann says: “This additional support from Scottish Widows enables us to complete this exciting development on schedule in 2010.

“We have already seen strong demand from the marketplace as adviser businesses look in more detail at the value that the paraplanner role can add to their growing business.”

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