Advisers who have not started studying for Level 4 before the end of this year could be in danger of missing the 31 December 2012 RDR deadline, according to the Institute of Financial Services (IFS) School of Finance.
Applicants would need to start before 3 January 2012 in order to qualify in time in order to complete an RDR-compliant DipFA course and obtain their Statement of Professional Standing (SPS) - and even this allows no time for retakes. Anne Kiem, chief executive of the IFS, said "a call to action" was needed for advisers with the later deadline in mind. "The reality is that existing financial advisers who want to continue working in the post-RDR era and haven't yet begun their Level 4 studies need to act before 3 January 2012," she said. "We can still help after this date but adviser...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
