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February 15, 2006 at 03:51 PM
The American Society of Pension Professionals & Actuaries says 1,500 candidates have signed up to participate in its new Qualified Plan Financial Consultant program.
The QPFC designation program is aimed at sales and investment professionals who want to work in the retirement plan market, according to Bunny Fernhall, chief of pension education at the ASPPA, Arlington, Va.
Successful candidates must pass a series of 4 tests and provide recommendation letters from ASPPA members showing that they have 2 years of retirement planning experience or 3 years of retirement plan investment experience.
Candidates do not need advanced math skills to pass the tests, but the tests are detailed and rigorous, and designation holders will be well-prepared to interpret figures provided by plan actuaries and other plan advisors, Fernhall says.
