Advisers will need degree-level exams by 2020 - IFA

Managing director Carl Melvin says it is only "a matter of time" before a graduate-level benchmark is introduced. A key aspect of the RDR has been to raise the minimum qualification to QCF Level 4, the equivalent of the first year of a university degree, but some have called for higher standards. The move has caused consternation among some advisers, particularly those who have been in the industry for a considerable number of years. "Advisers may be focusing on the changes that will be imposed by the RDR but in reality this is just a stepping stone," Melvin says. "The pressure ...