Adviser entry level exam rate rises 12%

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The number of people taking the Certificate for Financial Advisers (CeFA) rose 12% in 2007, according to the ifs School of Finance.

ifs attributes part of the rise to the certificate’s 2004 re-launch, which made it more accessible with improved learning material. A spokesman says the ifs exam has perhaps proved more popular than its competitors' equivalents as their versions may not provide flexible exam times. Mark Roberts, head of financial regulation at the ifs School of Finance, adds: "We can attribute the rise to several factors: the increasing attractiveness of pursuing a career in financial advice; some major providers and a number of IFA firms have switched from competitors; many CeMAP holders have taken CeF...

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