A new qualification for IFAs from the Securities Institute has received accreditation from the Government's education regulator the Qualifications and Curriculum Authority.
The exam, which has been developed in response to the FSA and Financial Services Skills Council exam review, has four papers. The first sitting of papers one, two and three will take place on January 31, 2005, with paper four the next day.
The qualification is aimed at IFAs, accountants and solicitors giving financial advice, client relationship managers working with high net worth clients in a private bank, advisers selling the new range of stakeholder products and bancassurers.
It will cover UK financial services, regulation and ethics, investment and risk, retirement planning and protection, and investment and financial advice.
Securities Institute chief executive Simon Culhane says: “The institute's history in developing and delivering examinations for the securities and investment industry means that we are well placed to respond to industry requirements and develop a new qualification which adds value to firms, ensures their staff are competent and will benefit the ultimate consumer of the qualification – the public.”