Zurich has called for clarity about how the FSA will supervise advisers still working towards a QCF level four qualification after 2012.
Zurich UK Life principal of government and industry affairs Matthew Connell says advisers not fully qualified by the RDR deadline could take on an “introducer-plus” role. He says this could involve giving generic advice or undertaking some of the advice process in conjunction with a qualified adviser while they finish their studies.
He says: “Will the FSA implement a new supervision process straight away or will it take a few months to develop its supervisory approach for any new roles which may emerge?”
An FSA spokeswoman says: “Advisers have had a lot of warnings on reaching QCF level four in time. From January 1, 2013, monitoring qualifications advisers have in relation to the business they carry out will form part of our ongoing supervision.”