All IFP advisers a year ahead of RDR qualifications target
The financial services profession is undergoing some significant changes titled the Retail Distribution Review (RDR) which will come into effect from 1st January 2013. The purpose of this is to set out new guidelines of professionalism across the industry in terms of how clients will pay for the advice they receive (adviser charging), the ongoing relationships that the client will have with their adviser and the qualifications that an adviser is required to hold in order to offer particular levels of advice. Essentially the purpose is to ensure that clients can be confident that they are dealing with ethical and knowledgeable firms and advisers and that they understand that service that they will receive both initially and an ongoing basis.
As a Chartered firm of financial planners we have always prided ourselves on our commitment to maintaining a high qualification level for both our advisers and our adviser support staff. This ensures that we can be measured for our knowledge and stay up to date in all areas of financial planning and demonstrate the value we can add to assisting with our clients financial planning needs.
Informed Financial Planning have fully supported these new requirements since they were announced and as such we are delighted to confirm that all of our advisers have already met the RDR requirements a year ahead of the targets set by the Financial Services Authority (FSA). The target entailed providing evidence of knowledge in over 100 areas of financial planning through a combination of professional examinations and personal study, and clearly demonstrates the expertise that our advisers possess.
This is a fantastic achievement that we were able to meet this guideline so swiftly and proves that we believe that this is an important step by the FSA in ensuring that financial consumers receive a defined standard of service from their adviser from an appropriately qualified financial adviser.
In addition IFP are also already meeting the other RDR requirements in terms of client service and adviser charging and again have implemented these ahead of schedule.
As an existing or prospective client of IFP you can be sure, as always, that our advice is of the highest quality and that we are well established for the future. We look forward to working with you all over the coming years.
