CFA Society to develop QCF level four qualification
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The CFA Society of the UK is developing a QCF level four qualification by combining an updated version of its Investment Management Certificate and the first level of the CFA programme.
It is aiming to make the qualification available to advisers from September 1.
The IMC is currently a level three certificate qualification and is being developed for submission as a level four qualification, adding the core standards of the retail distribution review, including UK regulation, taxation and UKcentric product knowledge.
The CFA Institute’s CFA level one, which is QCF level five, will cover the specialist standards on securities and derivatives.
CFA UK says advisers who hold the current IMC will be able to fill any knowledge gaps with continuing professional development and complete the CFA level one to achieve the QCF level four qualification.
Director of education Peter Watkins says: “All RDR qualification routes are subject to future approval and sign off before they can be listed by the Financial Services Skills Council as appropriate exams but we are confident our proposal will meet the requirements.”
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