Advisory group Charles Derby is offering to help supervise client-facing advisers who will not meet the new minimum qualification requirement set by the Financial Services Authority (FSA) in time.
The company said the service could help up to 50 advisers from other firms who have not attained the QCF Level 4 minimum by 31 December but who are permitted to continue offering advice. Under the Financial Services Authority (FSA) 30-month rule, individuals who attained ‘competent adviser status' after 30 June 2009 will have additional time to gain the qualification level. These advisers will be permitted to continue working with clients, but only under supervision. Competent adviser status is a formal judgement, usually made by an accredited body, that an individual has the knowl...
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