The Association of Independent Financial Advisers (AIFA) has unveiled plans to help advisers meet the new Retail Distribution Review (RDR) qualification requirements by the December 2012 deadline.

The trade body is working with the Chartered Institute of Bankers in Scotland (CIOBS) and BPP Learning Media to offer a new Diploma that gives an alternative, case study route for advisers seeking to meet the RDR requirements.

The new Diploma will help existing advisers apply and demonstrate the knowledge and planning skills gained in achieving their existing advice qualifications and via their experience as IFAs. This is achieved by working through a series of scenario-based case studies designed to assess the adviser’s ability to develop and present suitable recommendations to their clients.

Chris Cummings, Director General, AIFA, said: “We have consistently supported the drive towards higher industry standards that will enhance the standing of IFAs among the public. But