Advice Academy questions 2012 timetable

The Financial Advice Academy (FAA) has questioned the FSA’s 2012 timetable for new qualifications standards. Bob Gill, chief executive of FAA, believes many advisers will find the next three years extremely challenging, and fears some could leave the industry under the pressure. Gill is worried about requirements for advisers to reach QCA level 4 by the end of 2012, though he supports the move to greater professionalism. He says the FSA and firms must ensure they do all they can to stop good advisers from being forced out of the industry. “To do so would fly in the face of its i...