Adviser cii exam fail overturned after ofqual complaint - ftadviser.com money laundering definition law

Adviser cii exam fail overturned after ofqual complaint – ftadviser.com money laundering definition law

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A financial adviser sat the exam in october and was shocked when he was told in december that he had failed. This is the same paper that a HSBC adviser failed in december, after the minimum pass percentage increased from 55 to 62 per cent.

The AF5 exam requires candidates to compile a case study report based on a hypothetical client’s fact find document. The exam is worth 30 credits towards chartered status, attainment of which requires 290 credits.

The adviser said: “I knew that I had passed it. I got the mark overturned within 30 days from when I sent the letter to ofqual. I asked for my paper to be remarked as there was no explanation of how I failed.

“I complained but they did not do anything. I then wrote to ofqual. It seems that as soon as you mention ofqual, the CII changes.Money laundering definition law I paid £77 for the remark which was later refunded.

“we need to know what the examiners look for and in what context – that would help advisers pass exams and I would like them to show me where I went wrong.”

The adviser criticised the CII for not sending examinee’s marked scripts back, claiming that other examination bodies will do this if it is requested, which the CII denies.

The adviser added: “with the RDR, advisers must be seen as being transparent but the CII is blaming client data protection for not telling you scores per question. It does not seem like a level playing field as they are doing whatever they like.”

A spokesperson for the CII told ftadviser that the institute does provide feedback and “goes into far more detail than most”, as it articulates what an adviser scored highly on, what you did not and what the examiner wanted.

“it also said that for online exams, it cannot give the answers to examinees as the questions are from a live client bank and may be revisited.Money laundering definition law for written papers, the CII blamed logistics, adding it would be too costly to post marked scripts “and that cost would need to be met”.

He said: “like most professional bodies we do not provide this service – I can assure you it is not an attempt by the CII to be secretive.

“the only examination boards that routinely allow access to scripts are those involved in delivering gcses and gces where the teachers are able to get access to their candidates scripts if a performance is a long way out of line with the teacher’s expectations and the predicted grades.

“I am not aware of any professional bodies who offer the script return service. Whilst I appreciate that the CII is by far the largest provider of examinations in the sector I do feel that we are being singled out for criticism. Other exam bodies will not provide such thorough or transparent feedback to candidates.Money laundering definition law

• home

• pensions pensions

• all pensions

• personal pension

• sipp

• auto-enrolment

• state pension

• retirement income

• later life hub

• pension freedom

• investments investments

• all investments

• equities

• european

• fixed income

• investment trusts

• multi-manager

• multi-asset

• platforms

• funds data

• property

• tax efficient investments

• talking point

• mortgages mortgages

• all mortgages

• residential

• buy-to-let

• commercial

• protection protection

• all protection

• life insurance

• critical illness

• income protection

• protection products

• protection in numbers

• regulation regulation

• all regulation

• financial conduct authority

• financial ombudsman service

• european union

• your industry your industry

• all your industry

• companies

• trade bodies

• events awards

• top 100 financial advisers

• service tracker

• CPD

• opinion opinion

• all opinion

• emma ann hughes

• dan jones

money laundering definition law

• jeff prestridge

• ken davy

• tony hazell

• taha lokhandwala

• ftadviser advantage

• more…

A financial adviser sat the exam in october and was shocked when he was told in december that he had failed. This is the same paper that a HSBC adviser failed in december, after the minimum pass percentage increased from 55 to 62 per cent.

The AF5 exam requires candidates to compile a case study report based on a hypothetical client’s fact find document. The exam is worth 30 credits towards chartered status, attainment of which requires 290 credits.

The adviser said: “I knew that I had passed it. I got the mark overturned within 30 days from when I sent the letter to ofqual. I asked for my paper to be remarked as there was no explanation of how I failed.

“I complained but they did not do anything. I then wrote to ofqual. It seems that as soon as you mention ofqual, the CII changes.Money laundering definition law I paid £77 for the remark which was later refunded.

“we need to know what the examiners look for and in what context – that would help advisers pass exams and I would like them to show me where I went wrong.”

The adviser criticised the CII for not sending examinee’s marked scripts back, claiming that other examination bodies will do this if it is requested, which the CII denies.

The adviser added: “with the RDR, advisers must be seen as being transparent but the CII is blaming client data protection for not telling you scores per question. It does not seem like a level playing field as they are doing whatever they like.”

A spokesperson for the CII told ftadviser that the institute does provide feedback and “goes into far more detail than most”, as it articulates what an adviser scored highly on, what you did not and what the examiner wanted.

“it also said that for online exams, it cannot give the answers to examinees as the questions are from a live client bank and may be revisited.Money laundering definition law for written papers, the CII blamed logistics, adding it would be too costly to post marked scripts “and that cost would need to be met”.

He said: “like most professional bodies we do not provide this service – I can assure you it is not an attempt by the CII to be secretive.

“the only examination boards that routinely allow access to scripts are those involved in delivering gcses and gces where the teachers are able to get access to their candidates scripts if a performance is a long way out of line with the teacher’s expectations and the predicted grades.

“I am not aware of any professional bodies who offer the script return service. Whilst I appreciate that the CII is by far the largest provider of examinations in the sector I do feel that we are being singled out for criticism. Other exam bodies will not provide such thorough or transparent feedback to candidates.Money laundering definition law