Blog FSA v TSC: Grilled, but Teflon protected

There seems no let-up on the need to achieve the professional qualifications QCA level 4 by the end of 2012. While there was an acceptance by the FSA that there would be a potential 8 - 10% (previously claimed to be 20%) reduction in advisers in the market as a result of the RDR (not just the new Professional Standards) this seemed to be seen as an acceptable trade-off for the increased confidence the public would gain by achieving the overall objectives the FSA has set for the RDR. The FSA representatives were directly asked if there would be a move towards QCA level 6 after 2013. Sants...