IFAs must join professional body post RDR - CII

In addition, all advisers above the primary advice tier should have attained a Diploma in Financial Planning within six years of starting out. The suggestions are just two of a number of proposals put forward by the CII in its third response paper on the Retail Distribution Review (RDR), published today. It proposes advisers at the professional financial planner (PFP) and general financial adviser tiers would have four years to achieve the Diploma in Financial Planning. It says those at the PFP and GFA tiers who have not attained the diploma after four years would need to have their adv...