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11 November 2008 / Vol 8. Issue 11
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Welcome to “Maximise Your Potential”, the free monthly newsletter from Brand Financial Training. “Maximise your Potential” is for individuals studying for the CII's Certificate and Diploma level exams, in financial services and general insurance, who want to be kept up-to-date and discover how to get motivated and pass first time.

 

In This Issue
  • A Personal Message from Catriona
  • Featured Article : “Joe Bloggs” Doesn’t Know Better Than You
  • Out Now : CF5 Workbook
  • What's Around the Corner? : CF1 and CF6 Workbooks, Diploma in Financial Planning (again)
  • Exam Update
  • We Recommend...
  • Quote of the Month
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A Personal Message from Catriona
 

This month I want to take the time to say a big THANK YOU to all of you who have taken the time to provide us with feedback regarding the products and services you have used from Brand Financial Training.  We appreciate any feedback – both positive and negative – to allow us to see where we are doing well, and where things could be improved.  In the areas where we are doing well, we will continue to build on that.  Where we are not doing so well, we will do all we can to meet your needs.  We’re here to serve YOU, so please do tell us how we’re doing. 

A Plus

And if you have any ideas for how we can serve you even better, we’d also love to hear your thoughts and ideas.  Simply email me directly at catriona@brandft.co.uk   I look forward to hearing from you.

Happy studying!

Catriona.

If you have any questions or comments, or any suggestions as to what can be included in this newsletter to help you maximise your potential and pass first time, please contact me directly at Catriona@BrandFT.co.uk  I would love to hear from you.

 
 
Featured Article
 

"Joe Bloggs" Doesn't Know Better Than You

 

This article is relevant to anybody who wants to further their career in the financial services or insurance industries, whether you are at Certificate Level or Diploma Level.

 

I had an interesting email a couple of weeks ago.  A customer had purchased both the CF2 mock papers and our CF2 calculation workbook.  Intriguingly the customer, let’s call him David, then decided he no longer wanted the calculation workbook.  When I asked why this was the case, he replied that he had telephoned the CII and they had said he didn’t need the workbook because everything that was needed was contained in the CII study text.


This is worrying for two reasons.  Firstly, the CII themselves state that it cannot be assumed that the entire exam syllabus is contained in their study text (although – to be fair – most of it is).  And also, whilst the CII study text does contain example calculations where needed, this is often not enough for some students.  So how can someone in the CII customer service centre tell a student that they do not need a calculation workbook?  Even more surprisingly, David decided to go with what the CII told him, despite obviously needing the book because he wouldn’t have bought it if he didn’t think he needed help in that area!

Exam Despair

The point is, everyone is different.  Some people find calculations or certain more complex areas of the exam syllabus really easy and need no further help.  Some people find the same areas a complete nightmare.  The CII study text is a good starting point, but for most people is not a great end point.  Just because a colleague of yours is sailing through the material and tends to pass exams without a blink, doesn’t mean that you will be the same.  Only you can know what is best for you.

I generally have a lot of respect for the CII customer service staff as they tend to be pretty good at providing information when you ask for it.  But don’t take the word of a stranger about what YOU need.  Only you can know.

It’s important for the majority of people to use a wide variety of learning methods in order to retain and truly understand study material.  There are many ways of learning : reading, listening, watching and doing.   The CII study text provides the reading, mock papers and workbooks provide a mix of reading, watching and doing and things like our masterclasses provide listening and our training programs provide all four.

Some people learn best by reading.  Others just can’t seem to retain material in that way and learn best by doing.  Others like to be able to listen to parts of the exam syllabus whether that be at home, in the car or wherever.

Reading Book

If you find you’re struggling with just reading the CII study text, it would be worth your while trying a different type of learning.  Even just writing notes rather than solely reading can help.

Some people  believe they have trouble retaining information and claim they have a ‘poor memory’.  I used to think this of myself.  However, I have fairly recently learnt differently.  Michael Tipper won the world memory championships back in 1998 and is an expert on memory.  One thing he has taught me is that EVERYONE can have a good memory.  You’re not born with it, you have to learn it.  It’s like riding a bike.  Practise and practise and you will improve.  You can find out more at www.michaelonmemory.com

So do what is best for YOU, and don’t simply do what someone has told you.  Only YOU know what works best for you.  And only YOU know what else you need to do to pass your exam.

 
(c) Catriona Brand, Brand Financial Training, 2008
 
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“Maximise Your Potential” is a fre-e monthly newsletter from Brand Financial Training.  It is for individuals studying for the CII's Certificate and Diploma level exams, in financial services and general insurance, who want to be kept up-to-date and discover how to get motivated and pass first time.

Sign up now for your FRE-E copy at www.BrandFT.co.uk

 
 
Out Now!
 
CF5 Workbook
 

A couple of weeks ago we launched our CF5 ‘product selection and portfolio creation’ workbook.  The take-up has been fantastic and the feedback has been extremely positive. 

The ‘product selection and portfolio creation’ part of question two in the CF5 exam is a tough one.  Time is easily lost on this question as much thought and many calculations are required.  Our workbook helps you to get through this question by providing a step-by-step process to go through to get from the question to a model answer. 

Success

This is a tough question with no single correct answer.  There are so many things to think about when selecting products.  Not only does this workbook provide a step-by-step process to answering this question, it also goes through all three product selection questions in our mock exam papers using this step-by-step process so you can really see how it works.  AND we are currently offering a bonus workbook providing a brand new product selection question too which can’t be found in our mock papers or anywhere else.  Exam success is within your reach when you’ve mastered this part of the CF5 exam paper. 

Find out more at www.brandft.co.uk/cf/cf5wkbk.asp

 
 
What's Around the Corner?
 
CF1 and CF6 Workbooks, Diploma in Financial Planning
 

CF1 and CF6 WORKBOOKS

Work is underway to provide workbooks for both CF1 and CF6.  They will both provide step-by-step answers to calculation questions, showing you exactly how to get the correct answer.  Sometimes just being given a correct answer without any workings isn’t enough for you to understand the process.  These workbooks will ensure you understand how to do the vital calculations in these exams.  There will be a launch offer for both workbooks.  Keep an eye on your inbox for details.

 

DIPLOMA IN FINANCIAL PLANNING

There’s been a bit of delay with our mock papers for J01 which we mentioned in last month’s newsletter.  It’s very important to us that we provide only top quality papers, so sometimes we need to take a little more time than expected.  J01 will be out very very shortly.  Keep an eye on your inbox for details.

 
 
Exam Update
 

REMINDERS

CF1, CF2 & CF6 : Stamp Duty Land Tax

We mentioned this last month but the examination change is happening very soon so we think it’s a good idea to mention this again.  On 2 September 2008 the government raised the threshold for stamp duty land tax.  Previously you had to pay stamp duty land tax on all house purchases of over £125,000.  This threshold has been increased with immediate effect to £175,000 until 2 September 2009.  The CII are examining the OLD rates until 1 December 2008.  From 2 December 2008 they will be examining the NEW rates.   Don’t get caught out! 

CF1 & CF3 : Employment & Support Allowance (ESA)

From 27 October 2008 the new employment and supportallowance (ESA) replaced incapacity benefits for NEWclaimants.  This has been examinable since September

2008. 

 
 
We Recommend...
 

Masterclasses (CF1, CF2 and CF6)

 

An audio-based, time-efficient, concentrated mega-dose of information and Q&A sessions just for YOU.

There may be many reasons why you wonder who to ask when you have an exam question.  You may not want to look “stupid” in front of your colleagues (although you will probably find they also need an answer to the same question), you may not want your boss to think that you don’t know enough to do your job, and there may be no-one else left to ask.

CF1 MasterclassCF2 MasterclassCF6 Masterclass

Our Masterclasses, give you the opportunity to have access to an expert on your particular exam.  Each month, you can ask any questions you have regarding your exam and we will answer them for you.  Consider us your personal tutor!

We will also focus on a “Power Topic” each month that all Masterclass members vote for.  We then spend part of the Masterclass focussing on this topic to make sure you have all the necessary information to fully understand that topic and to get full marks in your exam on that particular area. 

 

Each month’s Masterclass is an audio-based, time-efficient, concentrated mega-dose of information and Q&A sessions for people just like you who are committed to passing their exam. 

 

And guess what?  The first month’s subscription is only £1. So there’s no reason not to try this out today!  Find out more at:

For CF1 :  http://www.brandft.co.uk/cf/cf1mclass.asp

For CF2 :  http://www.brandft.co.uk/cf/cf2mclass.asp

For CF6 :  http://www.brandft.co.uk/cf/cf6mclass.asp

 
 
Quote of the Month
 

“The pupil can only educate himself.  Teachers are the custodians of apparatus upon which he himself must turn and twist to acquire the excellencies that distinguish the better from the poorer of God’s vessels.”

Martin H Fischer, USA

 
 

See you next time.

Catriona Brand

www.BrandFT.co.uk

 
 
Please share this newsletter with anybody you think might find it useful.  Thank you!
 

“Maximise Your Potential” is the newsletter of Brand Financial Training.  It is written by Catriona Brand and www.BrandFT.co.uk   If you have any questions or comments,

please send them to: Enquiries@BrandFT.co.uk

 

This newsletter is based on research.  It does not constitute financial advice.  Any information should be considered in regard to specific circumstances.  All information is followed at your own risk and should be followed up with your own research.

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