The Chartered Insurers Institute says a further 759 candidates have passed its savings and investments exam, bringing the total number to have passed to 1,447.
The savings and investments exam has been designed to bridge the knowledge gap in the investments market. This was highlighted in the Sandler Report and in the feedback to the FSA's CP157 exam framework consultation, which recommended that all advisers need to be qualified in the area of savings and investments.
Lucy Courtenay, qualifications director of CII, says: “The take-up of this exam bodes well for the financial services standards framework to be introduced next year by the Sector Skills Council.
“CII is delighted that so many financial advisers are voluntarily choosing to sit this exam and expand their knowledge in this area.”
Further examinations are set to be run by the CII in January, April, July and October 2004. The closing date for entries for the January exam is December 17, 2003.