Two Cornwall-based independent financial advisers (IFAs) have moved a step closer to achieving chartered status.
Worldwide Financial Planning’s Chris Rowe, who is based at the company’s Wadebridge office, and Matt Higham, who works in the Truro office, both passed the AF5 paper in financial planning process.
Rowe now needs to pass two more chartered papers and one paper at any level, while Higham needs one chartered and one diploma paper in order for them to both reach level six and chartered status.
With the introduction of the Financial Service Authority’s (FSA) Retail Distribution Review (RDR) at the start of the year, IFAs have been required to reach level four accreditation for financial planning in order to carry on practicing.
Worldwide’s director, Neil Chamberlain, said: “All our advisors have taken the introduction of RDR very seriously and have worked hard over the last 12 to 18 months to achieve the level of accreditation to support our clients following the changes introduced by the FSA.
“Chris and Matt have gone over and above what the FSA require to work towards being chartered and we’re all incredibly proud of them and the work they have done.”