Bank advisers embrace 'no regrets' promise in RDR push

RDR-ready qualifications will not exist until the middle of next year as the Financial Services Skills Council (FSSC) consults on exam standards. But the FSA has urged advisers to "get on now" and reach QCF Level 4 "with no regrets", pledging any gaps relative to new knowledge requirements can be dealt with via continuing professional development (CPD). The British Bankers' Association (BBA) says most of the UK's near-13,000 bank advisers who are affected by the RDR - and who are subject to the same minimum qualification benchmark as IFAs - have already begun their studies. "The ma...