The Pensions Management Institute (PMI) has launched a diploma in regulated retirement advice, which is fully compliant with the retail distribution review (RDR).
The diploma provides advisers affected by RDR with the opportunity to gain the necessary accreditation they need to continue to provide advice.
The diploma comprises three modules under the PMI’s advanced diploma framework, with first exams taking place in October 2012. Once completed, an adviser will be eligible to join PMI’s accredited adviser programme and fulfil the professionalism requirements set out by the Financial Services Authority (FSA).
Neil Scott, head of professional standards at PMI, said: “Following the additional requirements placed on advisers ahead of the planned implementation of the RDR programme at the end of 2012, we have seen great demand for a qualification that will address these very distinctive issues.
“We felt it was important to provide a means by which our members could obtain an appropriate qualification for providing pensions-related advice within the scope of the RDR activity of packaged products.”
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