AIFA welcomes FSA's qualification approval

01 July 2010 at 16:36

AIFA welcomes FSA's qualification approval The Financial Service Authority (FSA) has been praised for including the Diploma in Investment Planning on its list of approved examinations.

According to the Association of Independent Financial Advisers (AIFA), it has already received much interest in the qualification, which will be used to ensure investment advisers comply with requirements featured in the Retail Distribution Review.

The qualification is an alternative, case study-based course and was developed by the body in association with the Chartered Institute of Bankers in Scotland.

Andrew Strange, director of policy at AIFA, said the diploma will provide advisers with assessments that "accurately reflect the daily work of an adviser".

He added: "We know how much clients value the advice, knowledge and experience that many advisers hold; we must not lose this valuable commodity."

Sheila Nicoll, the FSA's director of conduct policy, said its new list of qualifications will help to enhance trust between consumers and advisers.

Posted by Tony Miller ADNFCR-3006-ID-19868257-ADNFCR

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