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RDR Qualification Options
In order to continue to advise retail customers on investments post 2012 advisers will need to hold a QCF level 4 qualification. In the Policy Statement 11/01 the FSA issued the penultimate table showing the confirmed QCF Level 4 legacy and new qualifications. The FSA is considering some other qualifications for inclusion including the "Experience Counts" work based assessment.
If you hold either a legacy QCF level 4 qualification such as the AFPC or a current QCF level 4 qualification such as the CII or ifs Diploma you will only need to complete "top-up" CPD to be post 2012 RDR compliant.
The standards that any QCF level 4 qualifications must meet were devised by the Financial Services Skills Council and these are the standards that all acceptable qualifications must meet. The three mandatory subjects for all QCA level 4 qualifications are Financial Services Regulation and Ethics, Personal Taxation and Investment and Risk. All advisers taking the new qualifications will have to also take a planning module appropriate to the industry they work in.
The various awarding bodies have now stopped offering their old examinations and all have new fully compliant QCF Level 4 examinations ready and on offer. Click on the links below to see these.
So what options are available to you? Click on the link to access the FSA's current list.
Once you have decided on the route you are going to take Click on Professional Qualifications, to see how CTP can enhance your skills and knowledge, support your study and help you to access relevant CPD.
To keep up to date with the independent picture why not sign up to the RDR Latest News as well as contacting the awarding bodies direct.
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