Competence proposals by the Code Working Group (CWG), and especially those affecting RFAs are getting quite a lot of attention.
This article in goodreturns highlights that education providers, who might be expected to be in favour of ever higher standards, are worried about the impact.
Partners Life is seeking feedback from advisers and is encouraging them to engage in the consultation process due to concerns about impact on advisers, and how it will affect advice-availability to consumers.
The issues with the proposals are significant. I have covered them in some detail in my quarterly report for institutional clients. They are also the subject of my next article in Asset magazine.