FCA and CII launch adviser re-evaluation test

Non-compulsory

Tom Ellis
clock • 1 min read

The Financial Conduct Authority (FCA) and the Chartered Insurance Institute (CII) have launched a test to re-evaluate the knowledge required to be a retail investment adviser.

The test will be available from 1 October and is a result of the FCA's drive to raise the standards and competence of financial advisers. The regulator said firms would be encouraged to use it and warned it may use the exam as a supervisory tool if it believed it was appropriate to ask firms to re-test specific advisers. Advisers can book the 'Regulated Retail Investment Adviser Re-Evaluation' from 17 September.  In a joint statement, the FCA and CII said: "We believe advisers having a good level of knowledge is the foundation to giving sound financial advice. This is particularly ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

HNW inheritance planning: Why international mobility is tearing up the old playbook

HNW inheritance planning: Why international mobility is tearing up the old playbook

'Advisers must also evolve beyond just fulfilling transactional roles'

Marc Acheson
clock 24 November 2025 • 4 min read
Autumn Budget 2025: Budget speculation forces clients to put financial decisions on hold

Autumn Budget 2025: Budget speculation forces clients to put financial decisions on hold

‘This year, anything goes’

Professional Adviser
clock 24 November 2025 • 1 min read
Why good advice relies on asking difficult questions

Why good advice relies on asking difficult questions

Difficult questions a 'core feature' of good advice

Ahmed Bawa
clock 21 November 2025 • 4 min read