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Advisers are still crossing the bridge

With full implementation of the MCCB fitness and competence requirements just five months away, those brokers who haven&#39t already received their qualifications should set the wheels in motion now or risk the prospect of not qualifying.

The latest registration figures from the Institute of Financial Services show that nearly 59,000 advisers have registered for the papers so far and that advisers are signing up for their exams at a rate of around 2,000 each month. Of the IFS-registered advisers, some 23,000 have already qualified.

Numbers of advisers sitting a CeMAP paper this year recently passed the 20,000 mark. Successful entrants are included in the figures shown in the qualification chart, which shows the proportion of registrants gaining an MCCB-accredited qualification increasing all the time.

Across the border, statistics from the Chartered Institute of Bankers in Scotland for the Certificate in Mortgage Advice and Practice show an increase to 6,716 total registrations with 2,495 completions to date.

Meanwhile, the Chartered Insurance Institute has seen over 14,700 registrations for the MAQ. A growing number of smaller brokerages are continuing to sign up and the CII has already seen 7,214 advisers through their exams to gain qualification.

These figures show awareness of fitness and competence requirements is growing throughout the UK&#39s broker base after a slow start. Regular news and feature coverage in Mortgage Strategy help to keep the qualification profile high.

You can get updates on implementation of the fitness and competence requirements by visiting as well as reading coverage in Mortgage Strategy and online at www.mort

And keep an eye out for the latest edition of MCCB News, which covers the countdown to the deadline for qualification, with material from the institutes themselves.


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