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Aifa to “lobby hard” for exam alternative

The Association of Independent Financial Advisers says it will continue to lobby the FSA for the introduction of work-based assessments following the publication of the QCF level four draft core units.

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.”


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There is one comment at the moment, we would love to hear your opinion too.

  1. Has someone woken them up?
    And about time too. Fortunately there are some people who have been wide awake all this time, no doubt when the job is done AIFA will once again claim the victory…

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