Age is no barrier to attaining further qualifications, results from the latest round of Chartered Institute for Securities and Investment (CISI) exams suggests.
Of the successful candidates sitting its QCF Level 6 Certificate in Private Client Investment Advice and Management (PCIAM) in September, most were aged over 40 while more than 20% were in their 50s, the CISI says.
The results may quell the fears of some veteran advisers reluctant to return to the exam room after so many years.
A key recommendation in the RDR is that minimum qualification requirements for advisers, independent or restricted, will increase from QCF Level 3 to Level 4 at the end of 2012.
The CISI says the stand-alone PCIAM certificate has been designed to enable existing FSA authorised practitioners to demonstrate their competence at understanding and applying the principles of private client investment advice.
It has been approved by the FSA and Financial Services Skills Council (FSSC) as a qualification advisers can attain now under the regulator's 'no regrets' CPD pledge.
Ruth Martin, CISI managing director, says: "Many of the practitioners taking the PCIAM for RDR purposes have not sat an examination for some time and are understandably nervous about the experience.
"Our experience with this first PCIAM sitting, since the FSA stipulated its RDR requirements in June 2009, shows that such practitioners will pass, and are passing these high level examinations."
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