Experienced investment advisers in practice at 30 June 2009 will be allowed to take oral versions of the written exams needed to get them up to post-RDR standards, but this option will be withdrawn at the end of 2012.
In its RDR Consultation Paper out today, the FSA said the Financial Services Skills Council will consult on a new benchmark qualification for adviser entrants, to be finalised in 2010. This will apply to all investment advisers whether they are giving independent or restricted advice. However, existing, experienced advisers can take action on qualifications now with the aim of reaching the QCF Level 4 or equivalent standard by the end of 2012 deadline. This could include rigorous oral, alternative assessments to written exams covering the same technical content for advisers who believ...
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