PFS in 'alternative' assessment warning for advisers

The Personal Finance Society (PFS) says it fears some advisers may treat alternative assessments, possibly in the guise of work-based evaluations or course work, as "simple compliance checks", unaware of how complex they will be. Chief executive Fay Goddard says it is vital advisers understand all assessment at level four - the new minimum qualification requirement for UK financial advisers - will test the detailed ‘learning outcomes' as set out by the Financial Services Skills Council (FSSC). In its December RDR consultation paper on professionalism, the FSA proposed granting QCF exa...