'Public interest' should sit at heart of qualification reforms

The panel agreed during the debate, hosted by financial services professional standards group CII and the Financial Services Skills Council (FSSC), the public must have a better understanding of adviser labeling. It says the FSA must clarify labeling for the RDR before it can make further progress. Sandy Scott, chief executive of CII, says: "One of the key factors arising from the retail distribution review (RDR) process is the need to clarify the qualifications and designations structure of the profession. This will provide clarity to the customer." The panel also says the industry mus...