Exam review ' its impact on advisers

Many financial advisers have already gone beyond the FPC exam to improve their ability to do their job and have taken more advanced exams, like AFPC or half-credits. For those who haven't, there may soon be a stark choice: demonstrate greater competence, or lose your adviser status and become a salesperson. The main area for improvement is likely to be that of investment knowledge. Exams for advisers are under review. In November last year, the FSA published a consultation paper proposing a new exams framework for investment advice. The initial aim was to go back to first principles a...