An upcoming FSA consultation examining the possibility of updating the examination standards for investment managers will include the controversial issue of grandfathering.
Speaking at a Chartered Institute for Securities and Investment (CISI) conference, FSA manager of professional standards policy Katharine Leaman said the regulator will consult on qualification standards in September. Investment managers include fund managers and discretionary fund managers (DFMs). The FSA is already looking at the qualification standards for other non-RDR activities, including pension transfers. While financial advisers will have to hold a qualification - or carry out gap fill - which meets QCF Level 4 standards by January 2013, the various existing qualifications...
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