The Financial Services Skills Council began consultation on the draft units on September 1.
Aifa director of policy Andrew Strange says existing advisers must be offered an alternative to exams under the RDR.
He says: “Although the FSA’s RDR consultation paper was light on proposals for a work based assessment we continue to lobby hard for its introduction. QCF level four is a demonstration of competence and can therefore be evidenced in a number of ways and certainly not only by formal written examination.
“It is important that, as a profession, we retain good advisers with years of valuable experience and do not prejudice against them through inflexible means of assessment.”
Strange is urging Aifa members to engage with the FSSC during the consultation process.
He says: “The unit content will form the basis which both examination providers and importantly alternative assessment providers will use to develop their own new benchmark assessments, as well as consider what, if any, CPD is necessary under FSA’s no-regrets policy for those holding existing qualifications.”