Review could mean fewer, harder IFA exams

Speaking at an adviser roadshow, Nick Lee, head of marketing and value added services at Winterthur Life, points out the Financial Services Authority is looking at five key areas as part of the Review, including ‘professionalism and reputation’. Lee points out at the moment there are around 50 different qualifications which advisers can achieve, however he says it is difficult for a consumer to know whether a ‘qualified adviser’ in Penzance is as experienced as a ‘qualified’ adviser in Penrith. As a result he says it is possible the FSA, which is scheduled to release the findings of t...