Another regulator to worry about

Many financial advisers in retail investment have accepted the reality of the RDR’s new examination requirements, so the latest Consultation Paper (CP10/14) will have attracted little interest, apart from the provision of the final list of qualifications. Indeed, a review of the paper suggests there are no particularly radical proposals. However, a closer inspection of the detail in the proposals could have a significant effect on the way advisers must demonstrate their competence. This becomes particularly apparent with the new role of ‘accredited bodies’, which seems to add another reg...