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Half of advisers fail MAQ exams as MCCB deadline passes

Nearly half of November&#39s 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&#39s 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&#39s popular examination and revision programmes are among the courses listed in the institute&#39s 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.


SPML outlines options for unqualified brokers

Southern Pacific Mortgage Limited has outlined four options for mortgage advisers who have missed the MCCB&#39s December 31 deadline and are not yet fully qualified. The first choice is to work under supervision. Stuart Aitken, director of credit at SPML, says: “Within firms, individuals who have already passed the full exams can supervise those who […]

Prescott to curb Right to Buy next week

Council tenants will see their dreams of owning their homes dashed next week when John Prescott curbs the Right to Buy scheme. Sources in the Office of the Deputy Prime Minister say Mr Prescott will next week announce plans to halve discounts in property hotspots, claiming the action is necessary to stop developers. The moves, […]

CBI figures show retail sales fall

For the first time in ten years, pre-Christmas retail sales were no higher than a year earlier, reveals the latest survey from the Confederation of British Industry. The results raise fears that the consumer spending that is sustaining the UK economy is faltering. If there are knock-on effects for employment, the housing market could suffer […]

Flood advice from the Association of British Insurers

With many parts of the country experiencing flood warnings, the Association of British Insurers is reminding policyholders not to get bogged down. The ABI advises homeowners to keep up-to-date with the flood situation, through local radio and the Environment Agency&#39s Floodline (0845 988 1188 ). And it says those worried about flood risks should keep […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


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