Over a third of advisers believe an optional, industry-led qualification on with-profits advice would give them more confidence to guide clients.
Experienced advisers were just as likely as beginners to want the qualification, according to FSA research included in its Insurance Sector Briefing out today. Extra qualifications could help improve the level of ongoing with-profits advice which is currently insufficient the Briefing says. The main reason for this is a fear of mis-selling claims, according to respondents. Other problems were a lack of information from providers with almost a fifth saying none of the with-profits material from providers is clear. Three fifths of respondents said they had encountered problems in gett...
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