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NISM Series XVII: Retirement Adviser Certification and NISM XVII Question Bank details
The NISM Series XVII – Retirement Adviser Certification Exam holds significant importance as it aims to establish a standardized minimum knowledge benchmark for individuals, proprietors, partners, and representatives registered under PFRDA (Retirement Adviser) Regulations, 2016. By focusing on key concepts and regulations pertinent to retirement advisory services, this certification equips professionals with the expertise needed to provide comprehensive and reliable retirement planning guidance.
Examination Objectives
The examination objectives for the NISM Series XVII – Retirement Adviser Certification Exam include:
- Regulatory Framework: Ensuring candidates have a clear understanding of the regulatory framework governing retirement advisory services, including the PFRDA (Retirement Adviser) Regulations, 2016, and other relevant laws, regulations, and guidelines.
- Retirement Planning Concepts: Assessing candidates’ knowledge of fundamental retirement planning concepts, including retirement goals, income sources, expenses, risk management, and investment strategies tailored to individual needs.
- Pension Products: Evaluating candidates’ comprehension of various pension products available in the market, including National Pension System (NPS), Atal Pension Yojana (APY), and other retirement-focused investment options, along with their features, benefits, and risks.
- Client Engagement and Communication: Testing candidates’ ability to effectively engage with clients, understand their financial goals, risk tolerance, and retirement needs, and communicate suitable retirement planning recommendations in a clear and understandable manner.
- Ethics and Professional Conduct: Emphasizing the importance of ethical conduct and professionalism in retirement advisory services, including maintaining client confidentiality, avoiding conflicts of interest, and adhering to industry standards and codes of conduct.
Assessment Structure
The NISM Series XVII: Retirement Adviser: will have a total of 100 marks, with 100 questions, each carrying a weight of 1 mark. Candidates are allotted 2 hours to complete the exam. Negative marking of 25% of the marks assigned to each question will be applied for incorrect answers. The passing score for the examination is set at 60%.
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