Advisers begin to heed warnings

With the exam deadline beginning to loom, the CII revealed that more financial advisers passed AFPC exams at the October 2001 session than at the previous session.

Overall pass rates for AFPC candidates rose to 43 per cent compared to 36 per cent in April 2001, and the number of advisers passing the exams rose from 295 to 306.

Dr Sandy Scott, director general of the CII, said: "This upward trend clearly demonstrates the professional commitment to financial advisers, this is good news for the industry and for the consumer. It is particularly pleasing to see the high number of candidates sitting and passing the AFPC half-credit papers."