Professional Qualifications
One of the major concerns for financial advisers today is the absolute requirement to achieve the minimum qualification standards laid down by the FSA as one of the many outcomes of the RDR. Although the deadline is not until 31 December 2012 the required standard – Level 4- comprises several parts and there are limited number of opportunities to actually sit the examinations.
Indeed some large employers of advisers are refusing to consider applicants who have not to date passed the Level 4 examinations. And the other challenge is time – advisers have to make the time to study as well as the “day job”. This is the sort of challenge we believe calls for a new type of solution – we looked for a firm to partner with who are committed to the FS market and to building the right sort of learning solutions for the financial adviser sector.
Not everyone is comfortable in relying on text book learning. In some cases it may have been several years since an adviser last sat down to take a formal examination. Face to face work shops are all very well - but by definition have to operate at one pace - they can't cope with the needs of the individual - and may involve substantial travelling time. It seems to us that the right solution would involve:-
- Learning at a time and place to suit the adviser
- The facility to check understanding as you go - and so minimise the chance of having to take re sits
- Learning and testing modules delivered to suit the needs of the adviser
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