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Trade bodies link up to design training toolkit

Financial services trade bodies are teaming up to design a toolkit to help IFA businesses meet the FSA&#39s training and competence regulations.

The project is being co-ordinated by the Insurance & Related Financial Services National Training Organisation, which is working on behalf of a consortium of organisations including Autif, Aifa, Sofa, IFP, LIA, Sifa and the CII.

The project was initiated in response to the FSA&#39s training and competence source book consultation paper

The toolkit will provide businesses with information on recruitment which will be based on the FSA&#39s guidelines,staff training, attaining and maintaining competence among the workforce, supervision and examinations.

It will include material covering market standards and accepted training and competence practice, and examples and models of training procedures.

The organisation has commissioned specialist financial publisher Taxbriefs and the owner of Outlook magazine, ABC Oxford, to producethe toolkit.

It believes training and competence co-ordinators need industry input to ensure the advice and support they offer is practical and helps firms to meet regulatory requirements.

Work has started on the project, which is due to be completed in early 2001.

Project manager Teresa Sayers says: “We are inviting organisations to come forward to help provide examples of excellent practice, procedures and documentation.

“Examples might include job descriptions, customer feedback forms or observation aids.

“We would also like to hear of projects related to recruitment, training or assessment that have been successfully implemented, particularly in smaller organisations.”


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