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What happens if someone is part way through a Level 4 qualification by the end of 2012 – will they be able to give advice if they commit to completing the qualification?

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What happens if someone is part way through a Level 4 qualification by the end of 2012 – will they be able to give advice if they commit to completing the qualification?

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We are proposing that all retail investment advisers must hold a relevant Level 4 qualification by end of December 2012. If an existing adviser is part way through the qualification, they will not be able to provide advice until they complete it.

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