Consolidator mandates QCF Level 6 and doubles adviser CPD

Carmen Reichman
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An advice firm consolidator is requiring all of its advisers to attain Chartered status, requiring Level 6 qualifications - two grades above the minimum.

Attivo group mandated all its planners, investment managers and para-planners attain the Chartered Insurance Institute's (CII) Level 6 qualification, and has launched a training academy to facilitate the process. They will also have to undertake 70 hours of continuing personal development - twice the 35 hours the regulator requires. Other non-advisory staff will need to take Level 4 Diploma qualifications - the current regulatory minimum required for advsiers. The regulator made it a requirement for advisers to hold Level 4 qualifications following the Retail Distribution Review in...

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