Level five isn't the big issue for advisers; It's something else

Jon-Paul Hale

Currently there is a substantial misunderstanding of the issues advisers are facing as we head into a new licensing regime. One of the things that have left me scratching my head for the past couple of years is the approach to transitional licensing by those intending to be advisers under the new regime.

We have had a real focus on level five qualifications, and thanks to Newpark for arranging this for their team, I have mine done, as do a good number of others that took up the offer.

Interestingly Newpark has done this twice with training advisers for level five, back in 2010/2011 and then more recently with the oncoming changes. Which is an enormous help for many advisers to get this tidied up and a significant value I have had from my dealer group.

However, this is Newpark setting the standard of membership rather than being a real issue for advisers in the immediate future.