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Govt funding extended for ISO 22222

Government funding for selected financial advisers to obtain ISO 22222 through Standards International has been extended for a further year, following the Government’s Train to Gain initiative.

The continued availability of funding means some advisers may only have to pay around a third of the cost of obtaining ISO 22222 certification through Standards International. The fee is reduced from £1,375 to £437.50.

Applications for this funding stream, which were due at the end of this month, have been extended to August 2010.

Standards International business development director Michelle Hoskin says: “Advisers are increasingly seeking to gain certification for this international standard. The reasons for doing so range from the fact that the standard can help to improve performance and compliance and standardises good working practices to the fact it can help with profile raising and lead to improved sales and marketing opportunities.

“Whatever the reasons for seeking ISO 22222, being able to receive significant financial assistance will certainly make the standard even more attractive. This is a real boost to the adviser community and given the potential Government cap on funding I’d urge all advisers to make an application as soon as possible.”

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  1. Much needed
    Its about time we got some good news on the training front. With the economy collapsing and competition increasing we need to do something to differentiate ourselves from the bog standard adviser. I think this international standard may even exceed the new RDR requirements for all advisers to be of level 4 calibre. Effectively this looks like a win-win situation, advisers get two thirds of the cost met for them, consumers get better qualified advice and the regulator gets its box ticked. Where do I sign up?

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