FSA: New pension transfer exam standards can be met with CPD

In its latest quarterly consultation paper (QCP), the regulator confirmed it is set to review the standards for those who undertake pension transfer activity as well as those who manage investments. But it said it believes any gaps in advisers' knowledge as a result of changes it makes would not need to be met through a qualifications gap-fill exercise, but through regular continuing professional development (CPD). The FSA said it did not believe the risks within pension transfers had changed since the qualification standards were last reviewed in 2007. But it said updates focusing...