The majority of financial advisers want to improve their qualifications in anticipation of the RDR, according to the CII.
About 800 advisers responded to the CII Group and Ernst & Young survey, which revealed more than two-thirds believe a better qualified adviser delivers higher quality advice. Nearly 80% think it should be mandatory for advisers to be a member of a professional body, while more than 66% have a desire to take up further qualifications, with over 40% aiming to gain the Chartered Financial Planner title. About half the advisers expect to operate as a Professional Financial Planner, while just over a third expect to operate as a General Financial Adviser. On customer agreed remuneration, half...
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