Set 2013 deadline to separate IFA wheat from chaff - Sesame

Adviser network Sesame says the June ‘sunset deadline’ would help remove those advisers “hanging on the coat tails” of others committed to achieving the benchmark, which is expected to be the QCA Level 4 qualification. Sesame says advisers who do not achieve QCA Level 4 by this time should instead have attained the CII AF5 qualification as a sign of their commitment. It says this should mean the majority of those leaving the industry in five years will be doing so because they are nearing retirement, therefore avoiding an unexpected exodus of IFAs and leaving a void affecting thousands of...