Adviser and Senior Manager professional standards online course

Whether you are the compliance director, business owner an adviser or all three, this course aims to give you detail on adviser professional standards.

This is what you will find out:

• Qualifications – exactly what advisers will need in the new world and how long they have to complete their training
• The standards for CPD
• The workings of SPS
• Independent or restricted – full information translated in as simple as possible terms to enable you to make an informed decision and keep your firm on track once the decision is made
• VAT
• Understand the vulnerabilities and how you can protect trail income
• Thought provoking discussion on service proposition to help yours to evolve
• Capital adequacy
• Record keeping that will make sure you can complete your Gabriel returns with ease.

This course is available on request through our accredited CPD system.
 

By the end of this course, you will:

Advisers

• Understand the qualifications minimum requirements for regulated activities & the optional additional qualfications available and their application.
• Understand the SPS requirements.
• Be able to undertake and record CPD appropriately.
• Know the permission requirements for typical activities of a UK financial advisory firm.
• Have an understanding of independent advice, centralised propositions and product governance.
• Be informed about service proposition design and implementation.
• Understand the rules around disclosures.
• Understand the rules around Defined Benefit Pension advice.
• Be aware of the considerations that Senior Managers need to take into account when systemising and monitoring the business

Senior Management

• Be clear about the qualifications and due diligence needed in recruiting and monitoring advisers and staff.
• Be able to implement a training & competency regime that meets the regulatory requirements for CPD.
• Understand the scope of permissions needed for your firm.
• Undertand and be able to comply with the Senior Managers & Certification Regime.
• Be able to implement research compliant with product governance rules.
• Understand capital adequacy and professional indemnity insurance requriements
• Know the reporting requirements for Retail Mediation Activitiy Returns & Complaints

The course is made up of these chapters:

The course assessment contains 10 questions taken at random from a question bank. Your results will be emailed to you on completion and your CPD certificated updated and 3 hours CPD time will be added.

You will need to get 70% (7 or more questions correct) or more to pass. If you fail then further assessments can be taken.