In response to the FSA’s expanding regulatory framework, the Institute is moving ongoing competency courseware online to satisfy growing demand for a system that can be updated to demonstrate compliance.
In partnership with Absolutely Training the ifs is introducing students to the convenient and flexible new methods currently turning UK financial services’ training practices on their head. The latest industry surveys estimate that in only two years the number of compliance teams using e-learning solutions has increased by close to 200 per cent.
The Competence Maintenance Tool (CMT) will feature a wide range of scenarios that mortgage advisers can tailor according to their continuing professional needs. This, combined with the new Advanced CeMAP® qualification, existing, CD-based CDT, and compliance helpline CeMAP® Regulatory Services, maintains the ifs’ position as the education provider of choice for the mortgage industry.
“When we launched CeMAP® the industry was self-regulating,” says Mark Roberts of the ifs. “Today, we are dealing with a regulatory environment that moves faster, reaches deeper, and bites harder than ever before. Our new online competency solution provides advisers with a powerful, interactive platform that matches the pace of regulation.”
“E-learning is ideal for the trials of ongoing competence,” says Paul Fegan, CEO of Absolutely Training. “It can react quickly to sudden changes of policy – whether instigated by the regulator or from within a business - and it can pass these changes through the system and down to the evaluation function fast. Online courses don’t have a sell by dates, they simply evolve to deliver the competency levels required in a statutory regulated environment.”
