View more on these topics

No plan to move up to level six

The regulator does not have a “formal plan” to raise the minimum adviser qualification to QCF level six.

Conservative MP Andrea Leadsom asked FSA chief execeutive Hector Sants if the FSA had any plans to raise the level above QCF level four in future.

He said: “I would not say there is a formal plan. I recall a previous discussion here at the committee where we were questioned whether we had set the qualification at a high enough level and we responded this is something we would keep under review.”

Leadsom said there is a concern among advisers that level four is “the tip of the iceberg”.

Informed Choice managing director Martin Bamford says: “It was clear from the way Hector Sants and Sheila Nicoll reacted to the question that it has been discussed in the past. Any adviser who has not seen the writing on the wall needs to wake up and smell the coffee.”


Signs of life

Paul Brooks, creative director at space01, relates what finally convinced him to take out a protection policy

Nikkei falls 6 per cent after earthquake

Japanese shares have fallen by over 6 per cent on the first full trading day since the earthquake and tsunami hit the country. The Nikkei 225 closed on 9,620.49, a fall of 6.18 per cent. The Bank of Japan has injected £114bn into the banking system to stabilise markets. Over 10,000 people are feared dead […]


National Australia Bank to bid for 600 Lloyds branches

The National Australia Bank is preparing a bid for 600 branches that Lloyds Banking Group is being forced to sell, according to The Sunday Times. The newspaper says NAB, which owns Yorkshire and Clydesdale banks, has made the acquisition a top strategic priority. Lloyds is being forced to sell the branches as a condition of […]

MMTV: Work and pensions committee chair on shifting pension landscape

Last week pensions minister Steve Webb defended pension reform plans for the first time in front of the Work and Pension select committee. Money Marketing’s political reporter Steve Tolley caught up with the committee’s chair Anne Begg to talk about the plans, the need for advisers to be careful in advising about auto-enrolment, and a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm