CeFA exam questions

eightball_2

dunstonh wrote: »

Remember that you only have until 2012 to get the diploma exams. So, make your decisions soon. Ideally, you want to be sitting at least 1 diploma exam next year, if not 2.

out of interest where does it state you must have a diploma by 2012?

is this compulsory ? & will there be a bridging paper to count towards the diploma

reasons i ask is i am looking to take cefa soon but if the diploma is going to be compulsory there is no point taking it and just going straight down the diploma route

eightball_2

ok have just found this which seems a little mis leading as it says only! yet ifs have a dipfa level 4

The Retail Distribution Review (RDR) has proposed the introduction of new minimum qualification requirements for financial advisers: the need for an Ofqual (Office of the Qualifications and Examinations Regulator) accredited Level 4 qualification.
The CII Diploma in Financial Planning is currently the only accredited Level 4 qualification. It is proposed that current practising advisers must obtain a level 4 qualification by the end of 2012 (new entrant advisers will be under a requirement from 2010).

lcharm

The DipFA is very new but it is definitely Level 4 but it's basicaly taking it's time to do the rounds within the industry so a lot of your existing IFA's that did all the old CII exams (FPC) will probably not recognise it yet but they should do!! I'm currently studying for my CeFA and will be progressing to the DipFA after but I think that you must have your certificate qualification (CII or IFS) as a pre-requisite before you can progress to the DipFA but you should double check. Regardless though the CeFA would prepare you so you should do it anyway!

It's all becuase now the CII and IFS are in direct competition with each other so if the CII still claim their's is the only level 4 diploma then they are wrong and need to update it!

dunstonh

The RDR requires level 4 by 2012 for existing advisers and 2010 for new advisers.

There is talk of an ISO standard but there is also talk that the FSA wont allow it as its much easier (on paper) than the diploma.

Aegis

eightball wrote: »

out of interest where does it state you must have a diploma by 2012?

is this compulsory ? & will there be a bridging paper to count towards the diploma

reasons i ask is i am looking to take cefa soon but if the diploma is going to be compulsory there is no point taking it and just going straight down the diploma route

CeFA or the CFP are prerequisites for getting the Diploma. Also, the material for the Diploma assumes the knowledge gained from taking either of those basic calculations, so going from one straight to the other would be tricky!

eightball_2

Aegis wrote: »

CeFA or the CFP are prerequisites for getting the Diploma. Also, the material for the Diploma assumes the knowledge gained from taking either of those basic calculations, so going from one straight to the other would be tricky!

No, you are right cefa is a prerequisit for dipfa, i ordered my CeFA study material about six months ago and havent had a chance to look at it yet, currently i am a mortgage "specialist" and hold just about every ifs Ce there is CeCM , CeRCC , CeRER , CeSRE , CeRGI , CeMAP & AdvCeMAP (MOST MAKE UP ADVCeMAP) And was just going to do CefA as on going training/knowledge but as how the market is i will be looking to break more into the financial side and look to become an IFA which i suppose means going back to training ie another IFA or possibly bank to get CAS status .......just out of interest how are you "fresh" guys going about getting CAS after you pass you CeFA?

icy

I took Aegis' advice and took my Cefa 4 yesterday and gained a merit pass. Now I just have to start gaining some "real" experience. I will perhaps start on one of the Diploma routes in a the Summer.

lcharm

Well done, I've only just passed Cefa 1, 3 more to go!! I'm going to be working as an insurance broker in the meantime.

Definitely do the diploma, all my trainers are stressing that people do it ASAP so you don't get caught out when it's too late.

Aegis

icy wrote: »

I took Aegis' advice and took my Cefa 4 yesterday and gained a merit pass. Now I just have to start gaining some "real" experience. I will perhaps start on one of the Diploma routes in a the Summer.

Good work! Now the real fun begins

ventra

Hi Guys

Just found this forum and wonder if anyone could offer some advise/comment etc:

I have recently sat and passed the CII CF1,2,3, and 4 exams.

I am not working in the Fin Serv Industry at the Moment but intend to start looking for opportunities soon.

What direction would some of the more "experienced" advisors suggest I go.

Kind Regards

Ventra