IFAs face requirements to have knowledge of complex products post-RDR despite the lack of exams covering these areas, threesixty warns.
Under the FSA's definition of independence, advisers will need to have a ‘whole of market' view in order to avoid becoming restricted. However, services provider threesixty points out there are no recognised exams currently existing to cover products such as unregulated collective investment schemes. It also says the FSA's decision to explore the possibility of introducing additional exams to cover specialist investments would conflict with its original pledge there will be no two-tier system of qualifications between IFAs and restricted advisers David Ingram, technical director at...
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