View more on these topics

E-learn and earn

The financial services sector has seen many mergers and acquisitions in recent years, with some of the biggest and best-known financial brands in Europe joining forces in an increasingly competitive market environment.

Financial institutions are constantly having to update, rebuild and integrate IT systems to create a solid infrastructure that will support their customer base while offering competitive value-added services.

Simple enough in theory, yet, regardless of how up to date their systems might be, many financial institutions are discovering that there is a major hurdle standing in their way – training for the staff who must support and develop these new and highly complex IT infrastructures.

Employees must be able to work with ever more sophisticated and complex IT and networking systems on which their companies increasingly depend, with mergers and acquisitions placing demands on infrastructure planning, deployment and management.

Identifying the education solutions for people who have the responsibility to specify, deploy and manage this infrastructure is a tall order.

A fast paced industry need fast learning. Staff in financial organisations are required to develop the latest applications based on unfamiliar technology. The demands on staff can be daunting and the potential for failure is high.

Financial institutions have neither the competitive luxury to afford such failure nor the time to develop their own training programmes but they can call upon the services of IT training organisations.

It is worth taking a step back from the hype and reassessing how, where and why e-learning should be used.

E-learning&#39s unique selling point is that it is very flexible, allowing students to determine when, where and how they want their education programmes to be designed and delivered.

We advocate a blended learning approach and turn some long-held beliefs about the value of the classroom on their head. For example, our remote or virtual labs provide a more vital learning experience for students than perhaps the classroom can. The learner gets access to equipment, providing practice opportunities that are similar to a classroom while offering greater flexibility and, most crucially, in a way that would reflect the reality of using such skills in a work environment.

Valuable though e-learning is, the best solution is a mix of delivery methods created by companies with a solid background in creating and delivering complete, blended learning solutions.

E-learning is not an end-product in itself – it is a delivery method.

Successful training management considers the spectrum of options to create an optimum, comprehensive education formula that provides the most efficient and effective instruction mix based on each student&#39s existing skills, knowledge gaps, time to learn and personal preferences.

The cost of training is not trivial and we understand the need to deliver individual training solutions tailored to meet an organisation&#39s goals while maintaining a significant return on investment.

The end-result is highly cost-effective training, designed to deliver real business benefit.


Verity&#39s view

Here&#39s a brain-teaser. Suppose that a client comes to you, the IFA, with a with-profits pension policy which they have been paying into for the last 30 or 40 years. Very soon, they expect to reap the benefits of all that thrift when the policy reaches maturity. The client, however, is extremely perplexed. An accountant […]

SSAS fees were not guaranteed

John McCawley&#39s letter (Money Marketing, August 15) raises a few points and I respond to them in the same order. 1. The 90/10 or directors select portfolio is a fully approved SSAS and is not “fully insured”. Whereas the 90/10 is a packaged hybrid. It needs no conversion to take advantage of the full SSAS […]

Life with L&G

A client of mine wants to invest £35,000 in a low-risk portfolio for income and growth – £7,000 of this will go into a fixed-interest Isa, with the balance into a mix of with-profits and distribution. Who to use? Best to try to use just one investment bond for the with-profits and distribution to get […]

Raising Standards set to cover over half of financial services industry

Over 50 per cent of the UK financial services market is now engaged in the Pensions Protection Investments Accreditation Board&#39s Raising Standards quality mark scheme. PPIAB says companies representing a further 15 per cent are in discussions with a view to signing up to the brand accreditation programme.


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm