A change in success rate is normally caused by one of two reasons; either the calibre of the candidates has increased, which is not likely to be the case, or the standard of the exams has reduced, which, from the article, is most likely to be the cause.
Is this a dumbing down of the industry? Or just the Institute of Financial Services (ifs) wanting more income, as the next move will be to say the base level qualification is no longer the real base as advisers will be required to take additional examinations to be able to do certain areas of business. So by getting the basic qualification easily you are caught in the spiral of having to do more and more qualifations, which, since the examination bodies charge for these examinations, is just lining their pockets at the expense of advisers.
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