AIFA fights on for work-based competency tests

Scott Sinclair
clock

Association of IFAs (AIFA) director general Chris Cummings has pledged to continue the fight for work-based assessments of financial advisers not yet qualified to the required QCF Level 4 standard.

Speaking at the 2009 Bankhall Conference, Plan Today, Profit Tomorrow, at Wembley stadium yesterday, Cummings was urged by members to push the regulator to implement alternative methods of testing adviser competency. The FSA maintains it is open to suggestions for a non-exam route to attaining QCF Level 4 but has reportedly been dissatisfied with the proposals put forward so far. Cummings revealed he has been invited to an ‘away day' for FSA senior management on Friday and pledged to use the opportunity to restate advisers' concerns. He hosted an on-stage interview with Sesame Bank...

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 Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read