The FSSC today published the final standards for the core units that will be in every RDR-compliant qualification developed next year, as well as draft standards for the three specialist units.
It says it received "overwhelming positive support" for its proposals and has agreed the final standards ahead of schedule.
All QCF Level 4, RDR-compliant qualifications developed from next summer will include the three core units - financial services, regulation and ethics; personal taxation; investment principles and risk. The specialist units are packaged products; securities; and derivatives.
The FSSC will consult on its standards for the specialist units until 26 February before publishing its final standards for all RDR exams.
The packaged products unit will include pensions and retirement planning, financial protection and application of knowledge, while the securities unit will encompass exchange traded funds (ETFs) and structured products. The derivatives unit will include financial, commodity, property and exotic derivatives.
Sarah Thwaites, director for skills development at the FSSC, says: "We want to thank everyone who took part in the core standards consultation and are keen to encourage practitioners now to share their thoughts on the proposed specialist standards.
"We are confident the final agreed appropriate examination standards will be published in March 2010 as set out and agreed with the FSA, thereby fulfilling our role within the RDR project."
Fay Goddard, chief executive of the Personal Finance Society, adds: "I am pleased to see the standards for the second part of the new qualification going out to consultation. This will give advisers the opportunity to consider them and comment on the qualification as a whole."
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