News Round Up: November 28

IFA issues structured training guidelines

The Institute of Financial Advisers has released a set of training guidelines for advisers as it believes the Code of Professional Conduct lacks definition of structured training.

Chief executive Peter Lee said the Code definition for structured training was too lax and created uncertainty for advisers and training providers.

"We believe that to be deemed structured, training must meet certain internationally accepted minimum standards. In the Code definition there is no requirement or definition as to how the material should be delivered, or how its effectiveness should be measured," he said.