FSA finds examination standards wanting

Ongoing competence testing and a greater focus on investment in entry-level intermediary examination...

Ongoing competence testing and a greater focus on investment in entry-level intermediary examinations were among proposals in the FSA's blueprint for future training. The FSA stated that, although existing advisers will receive grand-fathering, intermediaries must undergo periodic competency testing. David Jackman, FSA's head of industry training and business ethics, made clear his belief the standard of examinations was not high enough.