Ninety-one per cent of respondents said they felt the requirement of QCF level 4 would prompt IFAs to leave the industry. This could lead to a clear skills’ gap of sufficiently qualified IFAs in the marketplace.
We are keen to see what stand employers will take on how they look to implement training and support advisers in gaining further qualifications.
Employers must do what they can to avoid a situation where IFAs are leaving the industry through fears of meeting new benchmarks.
National accounts manager, Hays Financial Services