IFAonline: Advisers have just three months before ‘real’ RDR deadline

06 October 2011

Advisers who have not started studying for Level 4 before the end of this year could be in danger of missing the 31 December 2012 RDR deadline, according to the Institute of Financial Services (IFS) School of Finance.

Applicants would need to start before 3 January 2012 in order to qualify in time in order to complete an RDR-compliant DipFA course and obtain their Statement of Professional Standing (SPS) - and even this allows no time for retakes. Anne Kiem, chief executive of the IFS, said "a call to action" was needed for advisers with the later deadline in mind.

"The reality is that existing financial advisers who want to continue working in the post-RDR era and haven't yet begun their Level 4 studies need to act before 3 January 2012," she said, adding that the DipFA is one the most direct routes for advisers to take - and other avenues may already be closed to them.

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