New exam format from ifs for advisers

Until recently, the exam has always been sat unseen but following changes introduced last year candidates sitting the fourth and most difficult module 'Assessment of Investment Advice and Knowledge', can view case study material before the exam and research possible scenarios for their answers. Mark Roberts, head of Faculty Financial Regulation, at the ifs justified the new way of assessing advisers, saying: “Professional exams are always tough as candidates need to demonstrate their competency in a simulated environment. It makes sense to give students the case study material beforehand, ...