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...
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'