Any adviser who studied an FCA approved 'transitional' qualification prior to the final RDR exam standards being set in 2010, is required to fill any knowledge gaps between their qualification and the final standards, in order to have an appropriate qualification for giving financial advice.
To encourage advisers to make an early start on their studies the FCA introduced a 'no regrets' policy.
This policy means that any adviser who studied an FCA approved 'transitional' qualification prior to the final examination standards being set does not have to take more exams but instead can fill any gaps between their qualification and the final standards by undertaking 'top up' CPD.
This applies only to those who registered for The London Institute of Banking & Finance Level 4 DipFA® with a study session start date of April 2010 or before and to advisers who undertook other transitional qualifications.
We offer those with transitional qualifications a way to meet their 'gap-filling' needs which, once complete, will enable them to apply for a Statement of Professional Standing or Certificate of Professional Achievement.
For those who have, or wish to complete their gap-fill we provide a mapping tool for DipFA® holders based on the template provided by the FCA in its policy statement 11/1.
If you require a gap-fill solution, please contact us in the first instance.
If you are unsure whether you qualification meets the RDR requirements, please contact our Customer Services team on +44 (0)12 2781 8609 or email us and we will be pleased to help you.
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