An alternative assessment route being offered by New Model Business Academy has been added to the list of qualifications meeting retail distribution review (RDR) requirements by the Financial Services Authority (FSA).
In its latest quarterly consultation paper, the FSA proposed adding the Calibrand/SQA diploma in Professional Financial Advice (NMBA - Alternative Assessment method) for the activity of advising on packaged products (which are not broker funds) and friendly society tax-exempt policies. It said: "We have assessed this qualification and consider it meets full qualification requirement up to and after 31 December 2012 under the RDR proposals." University Centre at Blackburn College's Foundation Degree Award in Financial Services has also met the requirements for the same activities and...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
