Large employers are already refusing to consider advisers not yet at QCF Level 4, according to recruitment consultant BWD.
It adds that 35 per cent of advisers have yet to complete and pass any papers towards QCF Level 4 and the current pass rate for some diploma papers is only 50 per cent according to the CII.
As a result, the firm says it has now launched an e-learning initiative in an attempt to reduce the financial and time costs of becoming Level 4 qualified.
It says the service is developed by industry experts and offers learning modules with ongoing assessment questions, 550 unique questions, 5 mock examinations and a personal onsite learning record.
The initial launch makes the RO1 available with remaining RO courses going online before the end of the year. BWD says it talked to 2,000 advisers to find out what would help in studying for QCF Level 4 qualifications.
BWD development director James Walker says: “Selfishly, we have a lot riding on this, as without a continued flow of qualified advisers our core business will suffer, we are confident, however, that the e-learning programme we’ve devised, tackles head on a number of these barriers to successful learning.”