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...
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