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| Industry bodies develop new RDR qualificationThe National Skills Academy for Financial Services is pleased to announce the Diploma in Investment Planning (a work based assessment) developed by us and one of our training partners CTP (Corporate Training Partnerships).
The new qualification will be awarded by the Chartered Institute of Bankers in Scotland (CIOBS) who have worked closely with the Skills Academy and CTP to ensure that the new qualification provides a robust assessment of a financial adviser’s competence without the need for traditional, written examinations. Following the consultation period and final approval by the FSA (6 February 2011) the new Diploma, an alternative work based assessment route to meeting the RDR qualification standards, will be formally launched. Sylvia Perrins, CEO, The National Skills Academy for Financial Services says: “With the full backing of our employers, we have developed a new assessment methodology that allows experienced advisers to reach an Appropriate Qualification. This is our contribution to ensuring that the industry meets the needs of all its employees.” Jayne Owen, CEO of CTP says “We always believed there was a constructive alternative to written or verbal examinations to recognise competence. It has taken a concerted effort to reach this point and only with the whole hearted support of the National Skills Academy for Financial Services and the Chartered Institute of Bankers in Scotland, for which we are very grateful, has this idea reached fruition.” Simon Thompson, CEO of CIOBS, says “We know the great majority of existing advisers provide high quality advice to their clients’ day in, day out, but some may struggle to demonstrate this in a traditional, written examination. The Diploma in Investment Planning (work based assessment) will help such advisers demonstrate their commitment to the new RDR standards, and their professional competence.” A number of advisers are currently undertaking assessment and we will be pleased to discuss the outcomes and benefits to firms once the consultation period is closed and final approval is given. ENDS PRESS - For further information on Experience Counts please contact: Karen Davies via karen.davies@ Sarah Evans-Toyne or Tania Vie Riba at Broadgate Mainland on 020 7726 6111 (nsafs@broadgatemainland.com) Notes to Editors: About The National Skills Academy for Financial Services The National Skills Academy for Financial Services is a unique independent employer-led charitable organisation dedicated to growing talent and building professionalism in the UK financial services industry. Its goal is to support future, emerging and existing talent and to ensure the financial services industry is productive and efficient to compete in global markets. The Skills Academy provides a diverse range of business and talent development support – and all tailor-made for the industry’s needs. Its educational programmes can be accessed in-house, online and locally through the Skills Academy Training Provider Partner Network. As a registered charity, its aim is to provide value-added and cost-effective programmes. Income generated is re-invested in innovative schemes to further support the industry and development of its people across many business areas. For more information, please visit: http://www.nsafs.co.uk. About CTP CTP specialises in the provision of consultancy and training services to the financial services sector in the UK. We use a powerful combination of industry experience, technical knowledge and training know-how to help our clients meet their business goals. In addition to work based assessments, we provide a range of support for staff undertaking professional examinations including: • Fully outsourced administration, examination booking and administration • Revision course design and delivery nationwide • Fully tutored study courses • eLearning We are accredited by the Financial Services Skills Council as a provider to the industry and by the Chartered Institute of Bankers in Scotland and the Chartered Institute for Securities and Investment as an Approved Training Provider. For more information, please visit: http://www.ctp.uk.com About CIOBS The Chartered Institute of Bankers in Scotland is the oldest banking institute in the world and the only remaining banking institute in the UK. The Institute develops and promotes professional standards for bankers and provides world class professional qualifications for the financial services industry in the UK and overseas. The Institute’s vision for the financial services industry is one of professionalism. It believes that integrity, responsibility and ethical behaviour, coupled with a commitment to maintain professional competence through Continuing Professional Development, provide the foundations for a sustainable financial services industry. For more information visit: http://www.charteredbanker.com # # # Founded in 1994, Broadgate Mainland is an award-winning company that specialises in financial services public relations. End
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