RDR: New calls for higher exam standards

The Professionalism Working Group (PWG), whose findings have been published in the Review, says there should be standardised minimum qualifications for the proposed 'primary advisers' and 'professional financial planners'. The paper reads: “The group proposes raising the bar in terms of both qualifications and behaviours. "Improving professionalism is about improving technical knowledge, capabilities and behavioural standards, all differentiated according to the level of service being provided.” According to the PWG, for primary advisors, the appropriate examination minimum may be at the...