LIA proposals for exam reforms aim to improve image of advisers

The Life Insurance Association has submitted radical proposals for reforms to the FSA regulatory exam framework which actively address the professional image and business ethics of financial advisers. In reply to the FSA's Discussion Paper 9,Examination Review, officials at the LIA propose that generic core exams which could be seen as the foundation level covering basic subjects, should include advisory roles, basic understating of economic theory, basic taxation, financial products and their use, state benefits, communications and counseling skills as well as business ethics. How to...