CII sets record straight on RDR gap-fill

Q: What is the gap? A: As far as the FSA defines it, the gap is the difference between the old QCF Level 3 and the new QCF Level 4. Level 3 – the old benchmark for advisers – is effectively an A level, whereas the new Level 4 – the RDR compliant benchmark – is the equivalent to a first year degree. To get to the new Level 4 the FSA has outlined 132 learning points advisers need to know. Q: Some advisers find themselves Level 4 qualified but not RDR ready. Why is this? Do they need to sit more exams? A: The FSA clearly states you do not need to do more exams if you are Level 4 ...