The situation for new entrant advisers
If you are new to the industry you are still required to obtain an OfQual level 4 qualification, but the deadline date is different. New advisors are bound by the general rules on meeting competence levels which are set to be formalised as 30 months from when they begin.
7city offers the following training towards qualifications which lead to RDR compliance:
| Qualification | Extra qualification required? |
|---|---|
| Investment Advice Diploma | NONE |
| IMC Level 4 | CISI Investment Advice Diploma specialist paper in Securities or Derivatives, depending on area |
| IMC Level 4 | CFA Level I |