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Move to set up Reit diploma

The Reits and Quoted Property Group is looking to develop an adviser Reit diploma but some in the industry suggest the subject should be introduced as part of existing exams.

RQPG, the group behind the reita.org website, says it is looking for partners to develop a specialist diploma focusing on Reits. It has started approaching property companies and industry bodies to help devise a syllabus.

But Hargreaves Lansdown senior investment manager Ben Yearsley questions the need for a separate qualification.

Yearsley says: “Would it not be better just introducing Reits into the general financial services investment exam?”

Personal Finance Society public affairs director John Ellis says “I would imagine generally advisers’ knowledge on the subject is sketchy and established standards are needed. There are questions as to how this can be done and if a separate diploma is necessary.”

RQPG co-ordinator Dave Butler says: “These are long-term plans to help advisers and fill this knowledge gap. The syllabus make up and way the diploma may be integrated are still to be discussed.”

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