Consumers 'want higher qualified IFAs'

Unbiased.co.uk research revealed while one in four consumers insist on advanced credentials, 75% say it is important for an IFA to be qualified to a higher level than FSA minimum requirements. The website launched a two tier ranking for IFAs last month, which applies to over 40 different incremental qualifications/designations currently available from eight different bodies. Unbiased.co.uk chief executive David Elms says he expects an increasing number of consumers to request a higher and more relevantly qualified IFA. “With the recent Retail Distribution Review from the FSA shining a...