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Choose your own pace for training online

The Financial Services Training College is setting up a web-based training service allowing IFAs to manage their training at their own pace.

It has spent two years and £2.5m developing the serv- ice, which will be be available through firms&#39 intranets or via the internet.

The training body is also launching a new website, at www.fstcollege.com, giving details of the variety of qualifications, regulatory programmes, business development programmes and human resources courses that it offers.

Advisers have a personal log on the online training system that records every answer they give.

Responses to the over 2,500 questions are processed and the IFA is given an action plan, explaining the areas in need of improvement. The service is paid for on a subscription basis per user.

The FSTC believes the system addresses the knowledge management issues that are being discussed in the industry. The college anticipates its online solution will sit within the FSA&#39s desire to see advisers receive ongoing training.

FSTC director Paul Trew says: “The new online service will address the general insurance market as well as the life market. A number of networks are keen to put the service out to their members.”

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