The Chartered Insurance Institute has unveiled the qualifications and competence framework which is designed to replace the existing FPC regime from January.
All new entrants to the investment intermediary market will now be asked from January 2005 to complete five separate modules covering UK fiancial service, regulation and ethics (CF1), investment and risk (CF2), financial protection (CF3), Retirement planning (CF4) and integrated financial planning (CF5). Most of the modules repeat the general syllabus of the FPC 1,2 and 3 exams, apart from the CF2 investment and risk module which has no direct equivalent. This means FP certificants will now be known as Cert FPS holders, providing they have Personal Finance Society membership. Advis...
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