The Chartered Insurance Institute has launched a Faculty of Life and Pensions to help firms working in the sector drive up standards of professionalism and good practice.
The announcement has been made ahead of the CII’s Chartered Financial Planner graduation ceremony this afternoon, which will recognise the first people to receive the title and will be attended by over 200 Chartered Financial Planners.
The Faculty of Life and Pensions is the latest in a range of market facing Faculties introduced by the CII, which aim to deliver targeted added value and career advantage to members working within specific disciplines, as well as improve consumer confidence in the financial services market.
More than 1,000 members have already signed-up to join the Faculty after the intention to create it was announced last year.
Peter Hales, president of the CII, says: “The life and pensions industry has specific needs. I believe the Faculty and the CII are ideally placed to help the industry improve technical knowledge, enhance skills and encourage the right attitudes and behaviours. As well as improving the customer experience to the benefit of consumers and intermediaries it will also help companies attract, develop and retain the best staff.”
Initiatives will be aimed at those in customer service, underwriting and claims and marketing functions.
Hales says the faculty will also help the CII position its existing life and pensions qualifications and develop its online competency solutions to ensure it fully meets the needs of the market.
Members of the faculty’s Advisory Board include directors and chief executives from Scottish Widows, AEGON UK, Axa Sun Life, Sesame, Friends Provident, the Association of British Insurers (ABI), Legal and General, Towry Law and Standard Life.
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