Reaching RDR benchmark could cost me £200k - IFA

Steve Brady, a partner at Brady & Jones, calculates the 13 exams he and his two colleagues need to take between them to achieve QCA Level 4 will require 1,300 hours of study time, costing his business around £150 an hour. Brady spoke out after the ifs School of Finance today unveiled its Diploma for Financial Advisers, which becomes the third QCA Level 4 qualification available. The RDR is expected to announce the benchmark level for all UK financial advisers early next year, with QCA Level 4 the most likely candidate. Brady and his colleagues have followed the Chartered Insurance Ins...