AF5 and R06 solutions available, AF exam requirements

This update covers:

1. The expected solutions for the AF5 and R06 April exams are now available
2. CPD - Financial Services Compensation Scheme
3. Testimonials
4. Know what is required for AF1, AF2, AF3, AF4 and AF5

1. The expected solutions for the AF5 and R06 April exams are now available.

In addition we have just added something else at no extra cost to our AF5 and R06 package:

• Access to our brand new Financial Planning Practice online course! The full contents of the course can be viewed here.

Why? Because while we expect most candidates to have some degree of experience in an adviser role, that may not be the case for everyone. We want our Expected Solution Package to benefit all candidates, including those who have never worked in an adviser role before. The Wizard Learning Financial Planning Practice online course covers the advisory process and, experienced or not, this is an invaluable addition to the Expected Solution Package, making it the most comprehensive available in the market place today. And the best value for money.

AF5 Expected solution now available for the April 2016 exam
The Expected Solution is now available for immediate download and contains 43 pages of expert analysis.

The Expected Solution is a detailed analysis by our panel of experts of the fact-find issued by the CII 2 weeks prior to the exam and includes:

• A detailed analysis of the client’s situation
• Identification of all financial needs
• A list of the questions that we feel could be asked together with a detailed solution.

To help with your preparation the following are also included:

• Our R01 to R05 online multimedia courses
• Our Expected Solution for the previous 3 AF5 exams
• Two online mock exams designed by our training team to help you assess your technical knowledge and get experience in the technique needed to pass the exam.

Then select AF5 The Expected Solution Package

R06 Expected Solution now available for the April 2016 exam
The Expected Solution is now available for immediate download. There are 35 pages of expert analysis for case study 1 and 34 pages for case study 2, as well as 12 pages of generic information on questions that may be asked.

The Expected Solution package includes a detailed analysis by our panel of experts of the 2 case studies that are issued by the CII 2 weeks prior to the exam. We provide you with a list of the questions that we feel could be asked together with a detailed solution.

Select R06 The Expected Solution Package

2. CPD Financial Services Compensation Scheme
In the following article we cover the change to the Financial Services Compensation Scheme that came into effect in January this year. This is one of the many changes to the diploma knowledge that adviser’s CPD should have picked up to meet the maintain diploma knowledge requirements. In our accredited CPD system this is covered in Chapter 1 of the investment principles and risk online course.

In 2010 protection under the FSCS was brought in line with other European deposit schemes and was increased from £50,000 to £85,000 on 1 January 2011. A European Directive sets a €100,000 protection limit for deposit schemes across the EEA, including the UK and in 2010 £85,000 was the equivalent of €100,000. This was fixed at the time for 5 years. Those five years are now up and on 1 January 2016 the compensation limit reduced. A strengthening pound and the exchange rate used on the 3 July last year meant that it reduced to £75,000.

This was announced last July to give savers sufficient time to move their money around if they needed to. Most firms wrote to their customers to advise them of the change which should not be reviewed again for at least another 5 years.

Also since 3 July last year individuals affected by a divorce settlement, a house sale, inheritance (or other life event) where they have a temporary high balance in their account in excess of the limit are protected up to £1m for 6 months (either from the date the money is transferred into the account or the date the person becomes entitled to the amount, whichever is the later). This gives them sufficient time to spread the risk between various companies to fully protect their funds.

3. Testimonials
We have updated our testimonial pages which can be viewed here. This is one of the new comments received and is typical of the feedback that our customers send us.

“Just to say a very big thank you to all at Wizard Learning for their continued excellent content and simplification of the learning. I’ve used Wizard Learning for many years now and continue to find this a valuable resource and source of learning. I’m please to say I am now a chartered financial planner. Thanks a million !" Paul Clifford FPFS

4. Know what is required for AF1, AF2, AF3, AF4 and AF5
We have created these information pages for those sitting or planning to take their AF advanced diploma exams and includes details on how our modules can help you pass.

AF1 Personal Tax and Trust Planning: study requirements and guidance
AF2 Business Financial Planning: study requirements and guidance
AF3 Pension planning: study requirements and guidance
AF4 Investment planning: study requirements and guidance
AF5 Financial planning process: exam requirements

Wizard Learning Ltd

Provider of accredited online training and CPD system for financial advisers and financial services professionals.