SimplyBiz's New Model Business Academy (NMBA) has received more than 100 applications for its alternative assessment qualification since its launch in December.
The qualification, developed in conjunction with the FSA, requires no gap-fill and evaluates adviser knowledge through the submission of sample advice cases covering investment, pensions and taxation.
The compliance provider said more than 30% of applications had come from outside the group - and predicted it would help some 1,000 advisers pass reach QCF level 4 during the next nine months.
Lee Travis [pictured], head of NMBA said: "We are delighted to have hit the 100 application mark in such a short period of time.
"[It] demonstrates the broad appeal the NMBA's alternative assessment programme has to advisers across the whole of market."
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