The Chartered Insurance Institute (CII) has launched a new exam in securities advice and dealing at level four.
It contains four units consisting of existing CII modules in regulation and ethics (R01); investment principles and risk (R02); personal taxation (R03) and a new unit securities advice and dealing module (J12).
Study material for the new unit will be available from May this year, with the first exam sitting scheduled for September.
Personal Finance Society chief executive Fay Goddard (pictured) said a broader knowledge was ‘essential’ for advisers.
‘The need for greater knowledge, expertise and higher professional standards in the area of securities advice and dealing has never been greater, driven not least by regulatory change and the desire to better serve consumers,’ she said.
Goddard added: ‘We are therefore really pleased to be launching the new certificate in securities advice and dealing and believe this will provide the information and robust study framework necessary for individuals advising in this area, which will in turn help result in better quality advice for the public they serve.’