Scottish Widows has formed a partnership with the Chartered Insurance Institute to support advisers progressing towards diploma and advanced diploma qualifications.
Widows says it is investing over 250,000 in the programme, which will be made available initially to IFAs who have signed up for its existing exam revision workshops.
The package, which aims to complement the CII’s study material, includes e-learning services, model answers and face-to-face training and will be hosted on Widows’ intermediary extranet.
The cost for advisers has not been decided but Widows says it will launch the programme next month.
CII chief executive Sandy Scott says the partnership will implement a package of professionalism to support the IFA sector through the transition from certificate level to diploma.
He says many providers are looking to develop IFA training programmes, both individually and as part of joint initiatives.
Scott says: “Scottish Widows and many other providers are looking to guide the profession and encourage advisers to raise standards. These are not short-term quick wins but long-term strategies and investment to secure the longevity and prosperity of our industry.”
Widows managing director, marketing and distribution, Andy Briggs says professional development is a hot topic and there is increasing momentum across the industry towards finding solutions to help aid development.
He says: “This programme will offer support to advisers studying for the CII qualifications and will offer real flexibility when it comes to learning, which is critical for people trying to manage the demands of a challenging job at the same time as pursuing a professional qualification.”