Money Marketing launches RDR academy
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Money Marketing is to launch a training academy to help our readers achieve the benchmark qualifications required by the retail distribution review.
The Money Marketing Academy, to be run in partnership with the Chartered Insurance Institute, is open to all advisers and offers a range of study packages, including printed material, online and face-to-face training.
The Academy will host dedicated training days and residential training and revision courses for each module of the CII’s diploma in financial planning, which will include on-site exam sittings.
Academy members will have access to free or heavily discounted supplementary training materials as well as a dedicated website with an interactive forum for mem- bers to ask questions and seek or offer support.
Under the RDR, all advisers must gain a QCF level four qualification by December 31, 2012 to continue advising.
Money Marketing will formally launch the Academy on March 22 at the CII Great Hall in Aldermanbury, London.
Advisers are invited to attend the event to see what the Academy has to offer and build training and examination schedules. Advisers will be able to sign up to as many or as few modules as they want.
CII director of financial services markets Steve Jenkins says: “We are delighted to be working with Money Marketing to help and support advisers in studying for their diploma exams.
“Thorough preparation is the key to success and I would encourage advisers to take advantage of the wide variety of training and learning materials that the programme will offer.”
Addidi Wealth Management director Anna Sofat says: “Any initiative that encour- ages the raising of standards is good for the industry. I think it is great that a trade paper is getting involved to raise the profile and standards of the sector.”
Advisers interested in joining the Academy should email their contact details to moneymarketingacademy@centaur.co.uk.
Any companies interested in becoming Academy sponsors should contact david.cowan@centaur.co.uk.
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Readers' comments (19)
John Markham | 11 Feb 2010 10:22 am
Studying JO4 currently. All support welcomed.
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Andy | 11 Feb 2010 11:17 am
As with all other RDR articles, I bet most of the comments here will be negative.
If the advisers who spend so much time and effort complaining about exams put the same time and effort into studying (and overcome their denial) they'd find the exams to be very easy.
A regular comment is "I don't have the time to study" - I'd have thought that rather than moaning on a daily basis and make pointless and negative comments on here, that time could be used more productively towards passing exams.
I passed the AFPC and I'm working towards Advanced Diploma....
I bet the negative comments in response to this run to double figures, which will prove my point.....
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Peter Chesworth | 11 Feb 2010 12:26 pm
As Andy is already qualified to level 4 I wonder if he has given any thought to how he is to obtain the "structured" CPD required to top up to the new syllabus. The FSA think that life companies and investment houses are going to be falling over themselves to provide the required CPD.
I am concerned that I will have to rely on the goodwill of said life companies to obtain the necessary CPD. Who is to say that they will want to provide it if all their resources are aimed at the Diploma. The alternative is to complete e-learning with as yet unspecified providers at an unspecified cost.
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Leslie Squires | 11 Feb 2010 12:35 pm
Andy, what a clever boy you are!
Debate is always healthy and well done Money Marketing for your initiative.
Not a negative word!!
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Hugh Jeego | 11 Feb 2010 12:47 pm
Well done Andy. On behalf of all IFA`s I would like to say congratulations. What a little star! Oh and by the way a big Cheerio to our Hector.
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Anonymous | 11 Feb 2010 1:32 pm
Yet more rubbish!
There are far better alernatives to the paracites from the CII.
Restriction of trade, human rights etc etc I hope those who have dreant up the RDR have pockets full of monet as a European Law suit is on its way!!
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Mr Ed | 11 Feb 2010 1:36 pm
Too little, too late for Money Marketing.
The idea of operating an Academy is a sound one. The idea of operating one which only commences on March 22nd of this year is not.
If you're only starting to engage with the issue of qualifications by then, then you've seriously underestimated the required investment of time - and left yourself with some serious pressure in respect of meeting the 2012 timeline.
And, if you are still looking, why would you opt for an untested Academy - when there are established ones already in existence and achieving the results? There have been Academies in the market for years so why pick this one, when the track record isn't there?
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Anonymous | 11 Feb 2010 1:38 pm
Andy, so as not to prove you wrong, I'll bet you are obne of these academic muppets who has never seen a client or given any financial planning in your life!
A lighthouse in a desert springs to mind.
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Andy | 11 Feb 2010 6:29 pm
Mr Anonymous (1:38 pm)- wrong on every count!! But that doesn't surprise me.......
Why do I get the feeling you won't be in the industry for much longer???
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Chris | 12 Feb 2010 1:10 am
Andy, I also think this is a good idea. I'm noticing that many IFAs who were unsure about getting better qualified are now deciding to get on with it. Money Marketing has also clearly come on board.
The result of all this is that the hard-line refusniks are looking increasingly isolated. And in 34 months, none of us will need to concern ourselves about them - they will be off into the sunset!
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