“High exam costs and low awareness” of financial advice as a career are preventing young people from entering the profession, according to Wiser Academy CEO Crescens George.
Speaking to Professional Adviser, George said the cost of exams, particularly Chartered Insurance Institute (CII) qualifications, continues to restrict accessibility and diversity. The prices for financial advice and planning exams offered by providers vary. Fees for the London Institute for Banking and Finance (LIBF) Level 4 Diploma increased from £1,090 in 2021/22 to £1,360 in 2024/24. In January this year, LIBF launched a re-vamped version of its Level 4 Diploma. Adviser students can take either the whole course or take individual modules separately to "learn flexibly over a longer...
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