Alternative assessments developed by the CII to test for QCF Level 4 could cost about £550 more than its written equivalent, due to the extra costs of one-to-one learning.
Whereas many advisers can sit written exams together, spreading the cost of supervision and marking, the individual nature of alternative assessments will make them more expensive, says the CII. Early indications suggest the CII exam will be costed at a similar level to that proposed earlier this month by the Chartered Institute for Securities and Investments (CISI), which will charge at least £1,750 for its alternative route "to reflect the individual one-to-one assessment". A Certificate in Financial Planning (CFP) holder and member of the Personal Finance Society (PFS) or CII coul...
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