FSA says only industry will decide if Level 4 too low

Some qualifications providers and support services groups have already started offering advisers the chance to work towards QCF Level 5 and Level 6 standards in the belief the goalposts will be raised post-2012. However, the FSA told IFAonline today any changes to the main qualification requirements would be driven by the industry and not the regulator.  Katharine Leaman, manager in the FSA' s Professional Standards Policy team, says: "The overall level would only change if industry practitioners in consultation with the FSSC decided it is needed. "This kind of consultation proc...