Pension transfer specialists must be Level 4-qualified by Oct 2020 - FCA

In its policy statement PS 18/20, published on Thursday (4 October), the financial watchdog said it was going to go ahead with its proposals to force transfer specialists to hold the separate Level 4 investment advice qualification. The watchdog said most respondents to its consultation on the new rules agreed with its proposals, with many people acknowledging pension transfer specialists already held the Level 4 qualification anyway. It said only one respondent to its consultation thought it unnecessary to force transfer specialists to hold the additional certificate. The regulator s...