The first modular exams are due to begin in January 2005 - but in the meantime, it is important for financial advisers to take the existing examinations as credit will be given for them under the new regime
The exam review began in earnest in 1999 when the FSA published the first of three consultation papers. Add a discussion paper and two feedback statements, and then, in 2003, the transfer of responsibility for the review to the new Financial Services Skills Council (FSSC), which is undertaking its own consultation programme, and it is easy to understand why confusion reigns. However, it is reassuring that the council and the FSA have confirmed it is vital for advisers to continue to take the existing examinations while the review is taking place. The Chartered Insurance Institute (CII) has...
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