IFA checks in on RFA members
But chief executive Fred Dodds said the association’s members were well-positioned for educational changes under the new regime.
“We only have 40 advisers who are RFAs, out of 700 practitioners. The 660 AFAs are also dominated by 360 of them holding wither CFP or CLU designations.”
He said the 40 advisers who were not AFAs had been contacted by the association to encourage them to be proactive about the forthcoming changes.
About half had responded and indicated that they had already attained a qualification such as the level five certificate, but had not opted not to go through the full authorisation process.
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