SII and IMA exam tests investment basics

clock

The Investment Management Association has teamed up with the Securities and Investment Institute to offer a voluntary, stand alone investment qualification.

It says the Financial Services Authority’s (FSA) decision to move towards a principles-based Training and Competence regime, as proposed in consultation paper CP07/04 'The Training and Competence Sourcebook Review', should not mean standards are allowed to drop. Although the consultation, which closes on 23 May 2007, suggests the new regime should be founded on high-level rules and guidance, it will still retain exam requirements for retail business, which the FSA says “are seen as essential to protect consumers”. As a result the IMA and the SII says while the existing obligation for ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read
Darius McDermott: The five-year laggards - can they revive?

Darius McDermott: The five-year laggards - can they revive?

'It's a complex backdrop for investors'

Darius McDermott
clock 31 March 2026 • 6 min read
Protecting portfolios during heightened inflation risk

Protecting portfolios during heightened inflation risk

'This is a year for careful, defensive positioning'

Fahad Hassan
clock 30 March 2026 • 3 min read