Advisers have been left angry and anxious about their prospects of passing a CII exam because of an apparent ambiguous question worth more than a tenth of the overall marks.
About 200 advisers sat the AF1 ‘Personal Tax and Trust Planning’ paper last month and many are concerned misinterpreting the question, the first on the paper, could lead to failure. The problem lay in the apparent omission of the words “on death” in the second part of the Advanced Diploma question relating to inheritance tax (IHT). Some advisers say they were unsure whether the calculation of an IHT charge was required or not. The CII confirms it is aware of the problem and has received a “handful” of complaints, but it says no definitive resolution on how it will be dealt with is lik...
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