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

PA Asks: Are you worried about losing clients to targeted support?

PA Asks: Are you worried about losing clients to targeted support?

FCA outlined targeted support plans on Monday

Professional Adviser
clock 02 July 2025 • 1 min read
Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read