AIFA fights on for work-based competency tests

Scott Sinclair
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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...

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