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Draft core units approved for QCF level four

The Professional Standards Advisory Group has today agreed draft core units, proposed by the Financial Services Skills Council, for the QCF level four qualification for advisers.

The group consists of the FSSC, the FSA, professional bodies, trade associations, HM Treasury and the FSA’s consumer and practitioner panels.

The three compulsory core units include financial services, regulation and ethics, personal taxation and investment principles and risk.

Over the last six weeks, the FSSC has held workshops involving stakeholders from across the industry to develop standards for each of the core units.

On September 1 it will launch a nine-week consultation on the proposed draft units which will include an online questionnaire and a nationwide program of roadshows.

Dates and locations of the events will be published on the FSSC’s website from the first week of September.

Throughout September and October, the FSSC says it will start work on drafting the standards for the specialist units that, along with the core units, will make up the overall exam.

FSSC director for skills and development Sarah Thwaites says: “We have worked very closely with a wide range of representatives from the industry to ensure the draft units we are proposing will achieve the desired step change, for the benefit of employers, individual advisers and consumers.

“We are keen to encourage all practitioners to share their thoughts on the units throughout the consultation period. This feedback will then be used to shape the final agreed core units which will form part of the new standards to be announced in March 2010.”

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