How come only experienced advisers will be able to get away with oral exams – won’t this be a lower standard than a formal written exam?
The oral exams will be as rigorous, and of an equivalent standard to, the written examinations (so the vocational equivalent of the first year of an academic degree). They are aimed at, although not restricted to, experienced advisers who would prefer not to take written exams, but believe they can demonstrate knowledge at Level 4 even though they do not hold a Level 4 qualification. This would only apply to advisers that were in the industry at 30 June 2009. This is a transitional measure to help advisers, where appropriate, continue operating in the industry and we will withdraw this at the end of 2012. To ensure consistency of standards, there will need to be appropriate quality assurance, including monitoring of alternative assessment pass rates compared with the written examinations. And when the FSSC consults on what qualifications will need to include this will impact on exams sat orally as well.
Related Questions
- How come only experienced advisers will be able to get away with oral exams – won’t this be a lower standard than a formal written exam?
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