IFP goes head-to-head with CII with level 4 offering

Scott Sinclair
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The Institute of Financial Planning (IFP) has outlined a blueprint for challenging the CII's market dominance, with plans to offer a level four qualification and produce a financial planning register for ‘Formula One' firms.

The professional body is set to hold talks with exam providers BPP and Kaplan, among others, and hopes to roll out RDR-ready papers at the beginning of 2011. Chief executive Nick Cann says this will complete the IFP's offering, which also includes the certified financial planner (CFP) designation and a level four paraplanner qualification, and will put it in conflict with the CII. Earlier this year, the CII unveiled details of its level four Diploma in Regulated Financial Planning, aimed at new and existing advisers. It is one of eight CII exams listed as ‘RDR-appropriate' by the FSA....

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