Advisers are being warned ‘alternative' assessment methods proposed by the FSA as a different route to QCF level four will be just as rigorous as written exams.
"No adviser wearing the independent label should be financially rewarded by the products they sell."
Advisers should be allowed to take research books into examinations to replicate the resources they have on hand in the workplace, says AWD Group's Martyn Laverick.
Independent advice firms could be forced to offer restricted services unless the FSA scales back its definition for retail investment products in the RDR, the Association of IFAs (AIFA) says.
The FSA has hired a consumer adviser in a bid to strengthen its understanding of consumer issues.
An FSA investigation into the problems at Britain's failed banks has revealed a litany of internal breakdowns and flawed controls that masked the full extent of their failings, according to The Sunday Times.
The FSA's protection proposals under the Retail Distribution Review (RDR) have been applauded, but with a few points to clarify.
Senior industry figures have questioned Conservative plans to transfer regulatory powers from the FSA to either the Bank of England (BoE) or a new consumer protection body.
Do you think the FSA gives value for money, or would Conservative plans to transfer its powers to the Bank of England be a reasonable course of action?
While applauding the ABI's latest on Total and Permanent Disability, Ian Jefferies says Critical Illness cover needs innovation if sales are to improve