AIFA: 30-month time limit 'arbitrary number'

In CP10/12 Competence and ethics the FSA proposes to apply one overall time limit of 30 months within which an individual who joined the retail advice sector after 30 June 2009 must pass all modules of their necessary qualification. The paper states: 'We have chosen 30 months as this reflects the upper range of previous time limits. All activities within the TC source book will be subject to the same limit.' But head of policy at the Association of IFAs (AIFA) Andrew Strange says the time limit is "arbitrary". "It is absolutely possible to do a qualification in 30 months but where ...