CII pilots new form of financial planning assessment

The Shaping the future together consultation gave members and other key stakeholders the opportunity to feedback on the CII's proposed plans, as well as the services it delivers and how the professional body can best meet their needs and expectations in the future.

The format of the coursework assessments for R06 will be assignments based on client case studies.

Gill White, Chief Customer Officer of the CII, said: "Our R06 unit currently uses on-screen written exams available four times per year. We are piloting a flexible, client-focused coursework assignment assessment, designed to fit in with contemporary working practice. This means learners with commitments that prevent attendance of exams on the fixed dates will not face a barrier to completion of the Diploma in Regulated Financial Planning.

"The assessment is designed to meet the same syllabus learning outcomes and assessment criteria as the current R06 exam and meets the Level 4 qualification descriptors set out by education regulators. The assessment criteria include a requirement for analysis and justified recommendations, which are appropriate to assess in longer responses such as case-study-based assignments.

"We worked with practitioners within the profession, advisory groups and the PFS Board to discuss how these skills are demonstrated in a professional context to design the coursework assessment approach and tasks."

A review will be undertaken later this year once the pilot is completed and feedback from candidates has been received.

The CII will then decide during 2023 whether assessment for the R06 Financial Planning Practice unit will switch from written examinations to coursework and the timetable for any changes.