Financial Planning Standards Council (FPSC) reports higher pass rates for the June 9 sittings of Financial Planning Examination Levels 1 and 2 (FPE1 and FPE2).
“FPSC congratulates all successful candidates who are another step closer to distinguishing themselves as professional financial planners and earning the internationally-recognized Certified Financial Planner designation,” says John Wickett, senior vice president, standards & certification, FPSC.
The pass rate for individuals writing the four-hour FPE1 for the first time was 77%. The overall pass rate for the 510 individuals who wrote FPE1 was 73%.
The pass rate individuals writing the six-hour FPE2 for the first time was 79%. The overall pass rate for the 178 individuals who wrote FPE2 was 74%.
In commenting on the higher pass rates compared to those under the previous certification process, Wickett says “The higher pass rates for the examinations demonstrate that the new CFP certification process offers candidates a better opportunity to progressively build their competence with each step along the path, which translates into better performance on each examination.”
The June sittings of FPE1 and FPE2 were the first administrations to be written at 36 computer-based testing centres across Canada.
The next administration for both FPE1 and FPE2 is December 1.