FSA bosses have assured MPs they have no current plans to raise qualification requirements above level 4 after the RDR deadline.
Giving evidence to the Treasury Select Committee, FSA chief executive Hector Sants was asked to address concerns raised it may make level 6 qualifications the required standards for IFAs.
He said the regulator had "no formal plan" to raise the qualification requirements.
Meanwhile, Sheila Nicoll, director of conduct policy at the FSA, accepted progress was slow in the emergence of alternative assessment qualifications.
She said: "It is an example of us having listened to concerns of IFAs in this area and has been slow in development.
"It has been difficult to work out how we can make these work-based assessments without making them self-assessment.
"Now they are in the market we hope there will be an increase in takeup."
Sants also suggested the alternative assessment could help to reduce the proportion of IFAs set to leave the industry as a result of RDR, which the FSA estimates as being between 8-13%.
This week, the CII launched a non-exam route to Level 4. The assessment, which costs £1,950, will see advisers pass a one-day 'professional discussion' on four case studies and a technical interview.
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
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From 1 April 2019
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