FSA hints at extra adviser qualifications for worrying products

There are already qualification requirements in the Training and Competence (TC) sourcebook for specialist advice such as long-term care insurance contracts, pension transfers and equity-release mortgages. On the same basis, it says where it is concerned certain non-mainstream products could produce poor customer outcomes, it  could introduce a new requirement for an appropriate qualification. This would be in addition to the qualifications needed for mainstream activities such as advising on packaged products. "The growing sophistication of investments generally, might mean that a...