Advisers have 'no faith in no regrets'

In the past four weeks, the Chartered Insurance Institute (CII) has released details of its Diploma in Regulated Financial Planning and its Alternative Assessment, both at QCF Level 4. Meanwhile, the Association of IFAs (AIFA) entered the exam market with its QCF Level 5 Diploma in Investment Planning. Confusion over how these new exams fit with existing qualifications, given their different credit weightings, as well as the limited information coming from the providers about costs and timescales, has left some advisers already heading for Level 4 now doubting the value of the FSA’s “...