RDR: FSA still considering pure protection requirements

At present it is anticipated the pure protection module of the Retail Distribution Review (RDR) will require advisers to attain QCF Level 3, rather than QCF Level 4 as expected for investment advisers. In its response to the feedback received from the last consultation paper, the regulator noted there was "no overwhelming response either for or against requiring professional standards for pure protection advisers, but that the majority of respondents were to some degree in favour." It added that the "complexity of protection products means that the provision of high quality explanatio...