The Financial Services Skills Council has backed the new Advanced Financial Advice Module being piloted by the ifs School of Finance.
The AFAM will cover investment, protection and retirement planning as well as taxation and trust solutions.
The qualification will focus on analysis, evaluation and the presentation of information rather than purely testing technical knowledge, which ifs says is not adequately satisfied by existing qualifications.
FSSC director of education Sam Rees-Adams says: “The ability to communicate effectively with clients is a key requirement for financial advisers and we are pleased to see a pilot that has this at its heart. We congratulate the advisers who have volunteered to take part in the pilot and await its results with interest.”