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Institute sets up level three qualification

The Institute of Financial Services, part of the ifs School of Finance, has launched a level three financial advice qualification for new entrants, paraplanners and those in administrative roles.

The certificate in financial administration and planning has been designed as an entry level qualification for those joining the financial services industry and those already working as a paraplanner or administrator.

Cefap can also be used as “a stepping-stone” qualification for employers looking to develop staff to take on client-facing financial advice roles.

The qualification costs £350 and has a recommended study time of between 200 and 240 hours. It is assessed through a two-hour multiple-choice exam.

Institute of Financial Services chief executive Anne Kiem says: “The new level four qualification requirements of the RDR have meant that new entrants face quite a steep learning curve in becoming qualified. This new qualification recognises this and better equips candidates to tackle a level four qualification.”

Paraplan Plus managing director Richard Allum says: “Most of the paraplanners that I know are either already as well qualified as the advisers they work with or are aiming to be. Brand new entrants have got to start somewhere, so level three could work for them.”


Spicerhaart surveyor subsidiary goes into liquidation

Spicerhaart has put one of its subsidiary firms, surveyor and valuation provider H C Wolton & Sons, into liquidation. Spicerhaart says it has taken the decision to place H.C. Wolton & Sons, which ceased trading in 2007, into liquidation because it has been subject to an increasing number of spurious claims regarding alleged false valuations […]


Adviser welcome relaxed Fatca proposals

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Octopus Investments caught up in Glasgow Rangers admin woes

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Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


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