CFA plans to boost exam to level four
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The CFA Society of the UK says it plans to bolster its investment management certificate by September so that it qualifies as QCF level four instead of QCF level three.
In last week’s Money Marketing, advisers called for the Chartered Insurance Institute to recognise the IMC as degree level rather than A-level.
CFA Society of the UK director of education Peter Watkins says: “We are working to ensure this qualification route becomes retail distribution review-compliant by September when we plan for the IMC to become a level four qualification, meeting the RDR core standards.
“It is understandable that the CII are not able to work the current IMC into their level four diploma but we note the reasonable request from the advisers quoted in your article for mutual recognition of qualifications between the awarding bodies. We will pursue this with the appropriate bodies when RDR-compliant exam routes stabilise later this year.”
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