FSA is considering competence testing

The FSA is looking at providing ongoing competence testing of intermediaries and is bringing out a consultation paper next year seeking to create a single modular exam structure. One of the questions raised by intermediary trade associations that have been a part of the ongoing discussions has been ongoing testing designed to maintain and enhance levels of competence throughout an intermediary's working life. There are currently no plans to bring in mandatory retesting for intermediaries when the new modular examinations structure is finally introduced. David Jackman, head of industry...