Tenet backs Aifa level five diploma
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Tenet is to support Aifa’s new diploma in investment planning.
The diploma is the equivalent of a QCF level five and is designed to give advisers an alternative case-study route to meet the requirements of the retail distribution review.
The diploma is designed to help existing advisers apply and demonstrate knowledge and planning skills by working through a series of scenario-based case studies.
Tenet distribution and development director Keith Richards says the qualification is likely to appeal to advisers as the case study assessment system is designed to resemble their day-to-day work.
Richards also points to the fact that as it is ahead of QCF level four, it means that it removes the subsequent “gap filling proposed by the FSA”.
He says: “Study materials have been specially designed to allow a flexible approach in terms of how, when and where a candidate can choose to study. And initial discussions indicate that it should be achievable for most IFAs within three to nine months.”
“It is impossible to create a one-size-fits-all approach. Instead, advisers must have access to a course that helps specifically equip them for their future needs. This new alternative offers a level of flexibility and other key advantages that no other current qualification programme can provide for general practitioners.”
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Readers' comments (2)
Anonymous | 2 Sep 2010 10:09 am
Good to have alternatives - although by stating something is "higher than QCA 4" doesn't necessarily solve the gap fill, as Chartered (QCA 6) & FPFS (QCA 7) still may have to gap fill.
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Tenet motives are clear to see | 6 Sep 2010 5:09 pm
Tenet motives are clear to see. Post RDR Tenet calculates they can lose 50% of their members but remain profitable. This will be the case because Tenet will inherit 100% their member’s trail, not just the 12-15% they no take now. A Networks value, like an IFA is based on trail not initial. Now with 50% of their members in dusty bin they thereafter break the news that those former members past have a subrogation clause in their PI i.e. the PI Insurer can seek redress from third parties – and guess what former members – you are the third party! This is already happening and former Tenet members are being contacted by their former PI insurer on this basis.
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