Level five version two signed off

A spokesman said the final documentation will be made available in the second week of February.

It is expected that the new certificate will streamline the process and roll what is currently the “financial advice” strand into the core and specialist modules.

That strand covers fiduciary responsibilities, legislation, regulation and professional codes that are relevant to advisers, and how advisers should apply the advice process to provide professional service.

But there have been some concerns that the change in qualification could cause headaches for the industry.