EXAMS: IFAs expected to pass five core financial exams

IFAs will be expected to pass five core examinations in product, regulation and advice skills when the new Training and Competence regime comes into force next year. Initial details of the Skills Council for Financial Services' National Standards Framework for Financial Services "road map" - presented to the industry by the SCFS's chief executive David Jackman at a press conference this morning - are still sketchy. However, IFAonline has been told plans are still to introduce three-tiers of education requirements, with financial planning at the top of the chain and foundation skill...