FSA approves National Skills Academy's work based assessment
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The National Skills Academy for Financial Services’ work based assessment qualification has been added to the FSA’s approved list of RDR qualifications.
The NSAFS announced it was developing the Experience Counts qualification in January.
Experience Counts is an alternative work based route to gaining a diploma in investment planning. It has been developed by NSAFS and Corporate Training Partnerships and will be awarded by the Chartered Institute of Bankers in Scotland.
To qualify to be assessed through Experience Counts advisers have to achieve a minimum of 75 per cent in a diagnostic test.
An assessor will then travel to the adviser’s office and assess them based on evidence including client files, regulatory records and records of continuing professional development.
Experience Counts is currently being piloted and will be available to advisers from the end of March.
NSAFS chief executive Sylvia Perrins (pictured) says: “It is great news that Experience Counts has received approval from the FSA. We are now working with our partner, CTP, to help meet the needs of advisers who prefer not to sit written examinations. The Skills Academy is focused on providing traditional and alternative, practical and innovative solutions for the financial services industry so that all training needs are met.”
CTP chief executive Jayne Owen says: “The approval from the FSA is the final part of the jigsaw to move this initiative forward and provide a viable option for experienced advisers to have their competence assessed in the workplace.”
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