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IFA investment knowledge to be increased

Financial advisers will have to beef up their investment knowledge following Sandler&#39s recommendations, with the review team concluding IFAs are lacking in this area.

The report does not go into specifics in this matter, with Sandler saying details will be up to the FSA to sort out. He says the FSA&#39s current examination of the review structure may go some or all the way to address his concerns over investment knowledge.

The lack of investment knowledge amongst financial advisers was one of Sandler&#39s observations included in his original consultation paper released last June.

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