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Article: ABI wants easier route for simplified advice.(Association of British Insurers)(United Kingdom. Financial Services Aut)
- Article from:
- Money Marketing
- Article date:
- November 5, 2009
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The Association of British Insurers and Personal Finance Society say there should be lower qualification requirements for limited advice.
The PFS says those involved in a streamlined process with a product range restricted by definition or product regulation could operate with level three qualifications. It says all advisers authorised to give investment advice, whether independent or restricted, should be qualified to QCF level four.
The ABI wants lower qualification requirements for advisers offering simplified advice and clear guidance from the FSA and the Financial Ombudsman Services about how they view the limits and liabilities of the service. ...