View more on these topics

Prudential account managers to gain CII Diploma of Financial Planning

Prudential has announced the introduction of a professional development programme for its intermediated sales-force where all account managers will have the opportunity to attain the CII Diploma of Financial Planning.

Prudential says its development programme is consistent with the FSA’s desire to restore consumer confidence in financial advice. It adds that one of the key ways to do this is to significantly improve the quality of advice and professional standards available.

Prudential director of intermediated distribution Andy Curran says it is in Prudential’s wider interest to improve consumer perception of the financial advice industry.

He says: “One of the key ways of doing this is to improve levels of technical knowledge and professionalism and the onus shouldn’t just be on advisers to do this. As providers, we need to step up to ensure that the standards of our people don’t lag behind. We’ve financially committed in excess of six figures over the next three years in a programme that will see us invest heavily in the professional development of our sales-force.”

CII head of business development for financial services Steve Aspinall says: “We are delighted to be working in partnership with Prudential on this initiative.

“Against the backdrop of the FSA RDR proposals, it is obvious that broker consultants’ knowledge and technical skills must be further developed to support and understand the needs of the financial adviser. This is why we endorse the efforts of the Prudential sales-force to study for the CII Diploma in Financial Planning. Our partnership with Prudential will hopefully help this process.”

Recommended

Compliance director banned for mishandling complaints

The FSA has banned Jonathan Leigh Hardie, of Primedale Financial Services, from being a senior manager after he mishandled mortgage endowment complaints over a five-year period.The regulator says Hardie, a director responsible for compliance at the now defunct company, failed to consider his regulatory responsibilities when dealing with complaints.The FSA found that between January 2001 […]

Abbey steps up

Abbey

Three-Year Stepped Fixed Rate

Winterthur launches offshore investment bond & discounted gift scheme

Winterthur is moving into the offshore market with the launch of an investment bond and discounted gift scheme. Provided by Axa Isle of Man, the new Winterthur International business is offering a unit-linked single premium investment bond for life or capital redemption to be available with a range of trusts. The company is also launching […]

Adviser Fund Index – Diverse solutions

Some investors will be looking to inject more caution into their portfolios as a result of market volatility and dramatic share price falls in the last few weeks.Equity markets have suffered across the board amid fears of a US recession and a re-examination of asset allocation is a natural response.Figures from Financial Express show volatility […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment