View more on these topics

ifs School of Finance warns against qualifications before RDR

Encouraging the uptake of existing qualifications before the outcome of the RDR is known is “foolish”, according to the ifs School of Finance.

Corporate relations and communications director Gary Millner says the shape, structure and content of qualifications and skills development should follow from the RDR, rather than be used to influence or dictate it.

He says: “As the FSA has not made clear what its final intentions are with regard to the RDR it would be foolish to encourage the uptake of existing qualifications in the hope that this will meet new requirements yet to be announced.”

Millner adds that higher-level qualifications based upon the acquisition of specialist knowledge ignore the importance of research and advice skills.

Ifs says its new Advanced Financial Advice Module will be refined following extensive piloting and the outcome of the RDR.

Millner says by piloting and testing the AFAM qualification within the context of the RDR will ensure it is “putting the horse in front of the cart”.

Recommended

1

By Helen Pow…

Former Conservative Chancellor Ken Clarke opened the refurbished offices of IFA firm Four Corners Financial Management last week.

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment