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T&C toolkit aims to aid advisers

The Financial Services National Training Organisation and financial trade

bodies have produced a toolkit to help advisers meet the FSA&#39s training and

competence rules.

The Financial Advisers Toolkit is designed to give practical help to firms

in meeting regulatory requirements. It is part-funded by the Department for

Education and Emp-loyment, the insurance and life group of the ABI and

Norwich Union.

Aifa says the toolkit is an invaluable resource and will help all firms

from small IFAs to big financial organisations meet the high-level

requirements set out in the FSA&#39s sourcebook.

The toolkit is endorsed by the Chartered Insurance Institute, the

Institute of Financial Planning, the LIA, the Institute of Financial

Services, Solicitors for Independent Financial Advice, the Society of

Financial Advisers and the Life Insurance and Marketing Res-earch


The toolkit is in eight sections, including explanations of how to adhere

to the FSA&#39s T&C sourcebook and framework

It is available in a paper format at a cost of £35 and can be

downloaded later this month for £25 from www. FSNTO

members, including IFAs, banks and life insurers, can get one copy free of


Aifa director general Paul Smee says: “IFAs have been looking for an easy

and practical means of meeting their training and competence needs. This

new toolkit should fit the bill for many firms.”

FSA spokeswoman Jackie Blyth says: “In our consultation paper on training

and compliance, we encouraged trade associations to produce toolkits for

their own needs.”


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