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Alphabetical disorder

The alphabet soup of adviser qualifications is confusing consumers and some bodies are simply launching more and more to line their own pockets, says IFA Promotion chief David Elms.

Few will argue with his first point – do we really need 38 professional qualifications from eight different organisations? These are the same bodies – the PFS, CII, IFP, etc – that have been berating the Government and regulator for unleashing the confusion of independents, multi-ties, whole of market and tied advisers on the public.

Regardless of whether you agree the trade bodies are profiteering, the fact that someone promoting advisers to the public is saying this has got to be cause for concern.

But surely there is some case for standardisation. Whether the trade and professional organisations can agree this between themselves remains to be seen.

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