AIFA launches Level 5 alternative assessment

Laura Miller
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AIFA plans to launch its own case-study based alternative assessment which will qualify advisers to QCF Level 5, a level above the new minimum for UK advisers set by the RDR.

The Diploma in Investment Planning will, AIFA says, help existing advisers "apply and demonstrate" the knowledge and planning skills gained in achieving their existing advice qualifications and via their experience as IFAs. It involves working through a series of scenario-based case studies designed to assess the adviser's ability to develop and present suitable recommendations to their clients. The new award is expected to be at the equivalent of QCF level 5, future-proofing any additional qualification requirements which may emerge and meaning they will not need to undertake gap-fi...

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