Regulation

Financial advisory sector expected to shrink 20%

Friday 21st of January 2011

He says advisers must obtain a Level 5 financial advice qualification which will be hard for older workers and those with family and work commitments.

Hassan points out that a lot of older advisers probably didn't even finish secondary school, let alone have any qualifications, making the education requirement daunting for them.

"It's a pity because a lot of those people are very...

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