The Financial Services Skills Council (FSSC) has been leading the RDR exam standards project on behalf of the FSA since 2006.
How do I achieve QCF level 4 in line with the FSA's RDR?
- Appropriate qualifications much be achieved in respect of all six elements to continue being authorised to give advice
- When historic qualifications have been achieved and are part of the ‘transitional qualifications’ list, CPD gap fill can be completed
- 80% of the qualifications must be at level 4 or above
What are my options?
The table below shows the qualifications available from each of the awarding bodies for all of the 6 elements.
| | Examining bodies |
| Elements | CII*** | IFS | CISI | CIOBS/BPP |
| Financial services, regulation and ethics |
FPC1+CPD or
CF1+CPD or
R01** |
DipFA 9-month programme
CPD if completed pre 2010 |
Financial Services, Regulation & Ethics |
Diploma in Investment Planning (for existing level 3 advisers only)** |
| Investment and risk |
G20+CPD or
G70+CPD or
J06+CPD or
R02** |
Investment & Risk and Personal Taxation |
| Personal taxation |
G10+CPD or
J01+CPD or
R03** |
| Pension and retirement planning |
G60+CPD or
J04+CPD or
J05+CPD or
R04** |
Private Client Unit** |
| Financial protection |
FPC2+CPD or
CF3+CPD or
R05** |
| Application standards |
H25+CPD or
J07+CPD or
R06** |
|
Key
** The CII is able offer an alternative assessment method for all areas by way of individual audit.
