Sesame renews licensing call ahead of RDR paper

It says allowing some advisers to operate on a more limited basis and under supervision could help prevent an anticipated 30% drop in numbers over the next three years, adding the FSA is "too focused" on academic assessment. Rules expected to be unveiled in this month's RDR discussion paper include a requirement for all existing and new advisers to reach QCA Level 4 in "every element" of their studies by the 2012 deadline. Some critics have sounded the death-knell for the financial advice sector saying experienced advisers will simply opt to exit the industry rather than take new exams....