DFMs unfazed by FSA plans to update exam standards

The regulator this week said it will consult on redrawing examination standards for those carrying out investment management activities, which includes fund managers and those with discretionary permissions. While financial advisers will have to hold a qualification – or carry out gap fill – which meets QCF Level 4 standards by January 2013, there is no standard against which all investment management exams are benchmarked. Katharine Leaman, FSA manager of professional standards policy, said the consultation could lead to a new QCF standard across the sector. Investment managers sa...