FSA exams to become area specific

The FSA is proposing to introduce a 'generic core' of examinations for intermediaries, creating a system of individual exams for each area where advice may be given. The consultation paper released last week proposes that advisers sit one exam for investments, one for pensions, another for protection and so on. This would then be followed by a series of specialist options, providing training for specific activities, for instance related to product types, and specific markets or particular activities, such as dealing with clients. A further level of training would be provided via cas...