Help With Cefa Exam

Lee_Watkins

Hi all,

I have just recieved my Cefa module 1 exam and would really appreciate any advice or study tips that would improve my chances of passing.

Thanks in advance.

dunstonh

As you have chosen to do the minority version of the certificate you may not get as many people to help you as you would had you chosen the CII versions (over 90% of people sit the CII version. The CEFA version is not as popular). However, there are a few regulars on here who have sat CEFA who may be able to help.

Lokolo

Aegis did CEFA but I don't know which one he has done. I know he had 1 exam to go though.

Lee_Watkins

Thanks for reply,

I have been reading other threads in regards to the difference between the exams, Have I chosen the wrong one ?

Lee_Watkins

I have pm Aegis to see if he can help me with my study.

dunstonh

Personally I favour the CII exams as the majority take them (ok that alone is no big deal) but mainly that the higher exams are currently only offered by the CII.

So, with the FSA's Retail Distribution Review being finalised this October and coming into effect next year, that means if you want to be an IFA you will need to have higher qualifications than you can get with CEFA. That means sitting the CII versions. So, you may as well get used to the CII versions from the start.

If you dont want to be a financial adviser and are happy being an insurance agent or sales representative (which is what all tied agents will be after the RDR comes in) then you dont need the higher exams.

It isnt a major issue at all if you go CEFA or CII but just a preference on how I would do it if I was starting out now.

Lee_Watkins

I would not have to take all CII exams would I ? Does being Cefa qualified start me in the middle ?

dunstonh

CEFA only do the certificate level. CII would accept that as 70 points (which is the same as the CII version currently) if you went on to diploma level.

Its only certificate though. From next year the certificate will only be good enough for you to be a insurance sales rep and not a financial adviser. You will need diploma for that and that is where you will need to switch to CII

Aegis

Lee_Watkins wrote: »

I have pm Aegis to see if he can help me with my study.

You can't receive PMs for some reason, so my reply didn't get through. Happy to help out if you like, but it's a bit difficult if I can't contact you

Aegis

Lee, I still can't send you a PM, so here's my latest reply attempt:

Ok, basically what I said was that I learned my CeFA material through home study of the exam booklets and took about 4-5 weeks per module of revision to do so. That was part-time learning while working my job as well, so it's not like I spent 10 hours a day doing that! Probably closer to 1-2 per day for the time in question.

No guarantees though: I'm quite a fast learner.

Let me know if there's anything more specific I can help with.

JojnS

I am sitting my CEFA 1 in a weeks time. Can anyone send me some mock questions to practice on [EMAIL="total_hunk@yahoo.com"]total_hunk@yahoo.com[/EMAIL]? I would really appreciate the help.

Thanks