Nearly half of November's candidates for the Mortgage Advice Qualification failed their exam, reveals the Chartered Insurance Institute.
Of the 1,400 entrants for November, 52% achieved a pass mark to take the total numbers of qualification holders to 11,895. Some 3,480 people sat the exam in December as they raced to beat the MCCB's December 31 qualification deadline. These candidates will receive their results in January.
The CII has launched a new training directory to help those who still need to qualify to offer mortgage and other financial services advice. The directory provides details of over 300 face-to-face training courses on offer next year.
CII qualifications director Lucy Courtenay says, “Completing a qualification to meet a regulatory requirement inevitably increases the pressure on the individual and the CII would like to pay tribute to those who have completed MAQ.
“We have stressed all along that, as with any exam, preparation is the key. The CII has provided additional assistance with study and revision materials, while extra exam sessions have also helped advisers to succeed in the exam and meet the MCCB deadline.”
The CII is running a January and February exam sitting in recognition of the advisers who still need to complete MAQ.
Advisers are also encouraged to continue with their qualifications. Courtenay says: “As well as meeting the MCCB requirements, the combination of MAQ and the Financial Planning Certificate also counts as a half credit towards the Advanced FPC. ”
The CII's popular examination and revision programmes are among the courses listed in the institute's new training directory.
Steve Wellard, marketing director of the CII, says, “CII training offers students the opportunity to benefit from expert tuition in a challenging and rewarding environment. Whether at introductory level or covering a specialist topic in greater detail, the CII delivers the training, education and development to enable individuals to build a successful career and provide companies with a competitive edge.”
The CII offers a corporate course design facility allowing organisations the option to host training at their own premises, or adapt existing courses to meet specific company requirements.