Lowes: R01 exam of 'little use' to experienced advisers

clock

The R01 exam may not be the best route for experienced advisers to improve their knowledge or gap-fill for CPD as it is too academic and lacks relevant material, according to IFA Ian Lowes.

Lowes recently undertook the exam, along with fellow director Neil McLachlan and other experienced members of the Lowes Financial Management team. According to the CII, the objective of the R01 module is to develop knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics. It requires 60 hours of study time and concludes with a two-hour exam consisting of 100 multiple choice questions. Lowes comments: "The conclusion of the Lowes team who took the exam was that while it was interesting as an exercise, it was far too aca...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read
FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA Wealth Management Survey

Patrick Brusnahan
clock 18 August 2026 • 3 min read