No RDR qualification clarity until summer 2010 - FSA

Dan Waters, director of retail policy and themes, told IFAonline the FSA will be unable to say which qualifications are definitely RDR compliant until the "middle of 2010" as it begins a process of consultation and feedback with the industry. This means unqualified advisers will have two-and-a-half years, at most, to meet the minimum QCA Level 4 standard set out in the Retail Distribution Review (RDR). In fresh guidance set to be issued today, the regulator also proposes advisers will need to reach Level 4 in "every element" of their studies, confirming qualifications will consist of a ...