The CII will press ahead with plans to develop alternative assessments for advisers seeking a non-examination route to the RDR's QCF Level 4 qualification minimum.
But it does not expect many advisers will choose this option and warns it is likely be expensive. It earlier intimated the assessment would cost in the region of £2,000.
The CII, which announced plans to develop an alternative option in March, has completed a first pilot and plans to carry out a second phase of test assessments "shortly".
"We are still keen to develop an alternative assessment," communications director David Ross says.
"However, if we do create something, it is likely to be expensive and we certainly do not see it as being for the mass market. It is unlikely to be anything other than a niche product."
Ross reminded advisers any alternative assessment would meet the same learning outcomes as any written examinations.
Advisers will have to pass a short knowledge test, a professional discussion, a case study, scenario discussion, role play and a technical interview with an independent assessor to establish "equivalent knowledge and skills levels".
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