Advisers fear return to classroom
It is widely expected that the new code of conduct for financial advisers will require at least a level five qualification.
There may be some allowance for recognition of prior learning – but there have been warnings that could be a more onerous exercise than simply sitting the national certificate.
Rod Severn, formerly chief executive of PAA and now chief executive of the Professional IQ College said enrolments were well up on last year – although most advisers were still getting ready and the majority of the college’s contracts would begin in May or June.
A spokeswoman for the Open Polytechnic said, for the first quarter of 2019, the organisation had a 20% increase in students enrolling in its Level Five qualification compared to the first quarter of 2018.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)