Investment advisers will be required to demonstrate they can understand, interpret and apply their knowledge of the financial regulatory system, as well as investments, retirement planning and protection under proposals for financial advice examination reform.
Details of a consultation launched today by the Financial Services Skills Council – looking at appropriate examinations content for investment and mortgage advice - suggests four exams have been set out which could be taken by investment advisers interested in conducting retail investment advice. Bulk of the content looks extremely similar to existing FPC 1 and FPC2 exams, albeit the investment, pensions and protection categories are now broken down into separate exams. That said, it is still not entirely clear just how many exams advisers will have to take to meet existing adviser st...
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