Level 5 certificate to remain the minimum requirement for advisers
Dale-Jones said the committee has considered whether the level 5 certificate “was hitting the mark” and whether a sub-group of advisers should be held to a higher standard when providing investment planning advice.
“We decided that we're not making a proposal to impose additional requirements on a sub-group,” he said.
While the latest version of level 5 has been updated, there's no requirement for those who have already achieved it to repeat the exercise.
The committee has also had a good look at the code's continuing professional development requirements and believes they should be made clearer.
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