The Chartered Insurance Institute has issued suggested proposals to the Financial Services Skills Council suggesting that the current three paper Financial Planning Certificate be widened, but not made tougher, to have six focussed modules as the benchmark for the minimum qualification level for financial advisers.
Our View
What another cop out - the Financial Planning Certificate is the equivalent, in our opnion, of an "O" level or GCSE in financial planning and is not adequate at all. The minimum benchmark in order that the general public will start to give advisers respect is the 10 paper Advanced Financial Planning Certificate.
At , we expect our administration staff to pass the FPC not just the advisers.
We expect advisers to have or be studying towards the AFPC.