Calls for GP-style qualifications system for advisers

The study, by CWC Research in association with BNP Paribas, says qualification proposals do not match the original intentions of the RDR and the drift up-market will deprive the mass market of access to advice. Clive Waller, of CWC Research, says the new qualification requirements are disruptive, distracting and disappointing. "It is unreasonable to ask 60-year-olds to take a whole new set of exams," says Waller. He suggests using a qualification system similar to that used by GPs, whereby advisers can deal with those issues on which they are qualified. They would then refer client...