RDR: FSA changes 'existing adviser' definition

It says 'existing' advisers have to meet the Level 4 requirements by the end of 2012 deadline but those falling outside the definition will be given longer. The regulator originally proposed a cut-off date of the end of 2010 to tie in with the readiness of new qualifications and study material, but decided this would capture more advisers than was originally intended. Instead, the 30 June 2009 cut-off fits in with the date the FSA proposes for eligibility to use alternative assessments, according to its Consultation paper CPO9/31, out today.  However, it intends any individual who do...