Scottish Widows is helping advisers meet the minimum qualifications proposed in the RDR by rolling out its learning programme.
The launch of the Professional Adviser Study System (PASS), devised in partnership with the Chartered Insurance Institute (CII), follows a successful pilot during which over 1,000 advisers used PASS to study for the April Diploma.
Scottish Widows says PASS gives IFAs free access to study planning tools, an online resource centre and a package of CII course material and exam entry.
Advisers can also apply to attend workshops run by Scottish Widows CII accredited trainers. Places are limited and are available on a first come first serve basis.
Andy Briggs, managing director of marketing and distribution at Scottish Widows, says: “Many IFAs are proactively raising the bar in terms of their levels of professional qualifications and this is also being encouraged by the FSA’s interim statement published in April which suggested Diploma level as the new minimum level of IFA qualification.
“We’ve been working with the Chartered Insurance Institute to develop a wide range of support services to help IFAs gain higher qualifications.
“A key consideration has been to integrate fully with the CII’s existing material, while at the same time developing new resources which ease the burden of fitting study into an already hectic work schedule.”
Steve Jenkins, CII financial services director, says: “We are delighted that our partnership with Scottish Widows has been extended.
“There is now a real momentum building around raising standards and Scottish Widows is at the forefront of this. PASS will deliver a very supportive environment for IFAs to further their professional development.”
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