Level 3 'sufficient' for simplified advice - Aegon

It says Britons will need varying levels of advice and calls on the regulator to assess whether the same qualification criteria need apply across the different models set up to cater for them. In June's RDR Feedback Statement, the FSA says it is aware of a number of firms interested in offering "some form" of simplified advice process. But it says the same professional standards should apply to advisers offering a ‘simplified' service as to those operating in the ‘restricted' and ‘independent' advice spaces. This means the same minimum QCF Level 4 qualification requirements, the sa...