I've run out of time: an unqualified IFA speaks

In one of many pieces of research released last week, the Financial Standards Authority (FSA) has said that 16% of advisers are yet to pass the exams necessary to become QCF Level 4 qualified. This is the story of one such adviser, Baldev Sihota from Berkshire-based Guardian Financial Planners. Sihota is 71-years-old. He told Professional Adviser: "I am yet to take my RO3 (on personal taxation) and RO4 (on pensions and retirement planning) as well as my equity release and long-term care exams. I need to make up the credits required to be able to practice under the new regulatory regim...