(Insurance Journal) -- The Financial Planning Standards Council has released results for the most recent sittings of the FPSC Level 1 exam and the CFP exam, which took place at various locations across Canada on Nov. 29.
A total of 1,127 candidates wrote the exams.
The CFP examination, the final exam on the path to CFP certification, was written by a record 563 candidates. This is the highest number since FPSC implemented enhanced requirements for CFP certification in 2010.
The CFP exam candidates included 388 first time writers and 175 candidates who were re-attempting the six-hour exam.
Among first-time writers, the pass rate was 63 per cent and among repeat writers, the pass rate was 39 per cent, for an overall pass rate of 55 per cent.
The FPSC Level 1 examination, the first exam on the path to CFP certification and a requirement for FPSC Level 1 Certification in Financial Planning, was written by 564 candidates.
Of those candidates, 464 were taking the exam for the first time, and 100 were repeat writers. Among first-time writers, the pass rate was 74 per cent and among repeat writers, the pass rate was 45 per cent, for an overall pass rate of 69 per cent.
FPSC examinations are offered twice per year. The next sitting of the FPSC Level 1 examination will take place on June 6 with the next sitting of the CFP exam on June 7. Candidates can register on their FPSC Portal at online.fpsc.ca. More information about the path to certification is available at fpsc.ca/beaplanner. New paths to certification take effect Jan. 1, 2020.
