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Consultation and Feedback Analysis

Thank you to everyone who took part in the consultation on the proposed core ApEx Standards for the new RDR benchmark examination for retail investment advisers.

An online survey response with feedback was received from:

  • 31 firms/companies including Networks and Tied Distributors
  • 1 trade association
  • 1 university 
  • 38 further individuals.

The mix of firms and individual advisers responding included:

  • IFAs
  • Tied Distributors
  • Networks
  • Wealth Managers
  • Bancassurers 
  • Stockbrokers

In addition, ten face to face events were held across the UK with over 140 practitioners in attendance.

The responses received from the online survey and feedback at the face to face events has been overwhelmingly positive in its support for these proposed new examination standards. The high level summary is shown below. To view the full analysis of the online survey click here (pdf, 751KB).

High level summary of online consultation on Core Standards
In considering the core units as a whole, do you agree they will achieve the required step change in the benchmark professional qualifications for investment advisers? 77%
Agree/strongly agree
 
In considering the core units as a whole, do you agree the overall content is relevant to all types of investment advice roles? 66%
Agree/strongly agree
 
In considering the core units as a whole, do you agree they cover all the subject areas you would expect to be included within the core content? 69%
Agree/strongly agree
 

For each unit, do you agree the learning outcomes are relevant and provide appropriate evidence of the application of knowledge?

  • Financial Services, Regulation and Ethics
  • Investment Principles and Risk
  • Personal Taxation
Agree/strongly agree

69%
79%
82%

For each unit, do you agree the improvements to the existing ApEx Standards are relevant and essential for all investment advice roles?

  • Financial Services, Regulation and Ethics
  • Investment Principles and Risk
  • Personal Taxation
Agree/strongly agree
 

74%
64%
69%

Overall, this is a really strong endorsement of the content and learning outcomes for the new ApEx Standards.

In addition to the survey responses, we also received almost 70 individual questions and feedback comments. These have all been reviewed, as promised, and a summary report and response is available here (pdf, 72KB).

 

 

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