View more on these topics

Bridge paper to be scrapped

With FSA regulation soon to come into force, the Institute of Financial Services is accepting its last registrations for the fast-track route now. The Bridge qualification gives qualified financial advisers the chance to achieve CeMAP by taking just one module.

However, due to changes in FSA regulation, the syllabus is to be restructured and the IFS will no longer be able to offer the CeMAP Bridge option.

Meanwhile the National Association of Commercial Finance Brokers is also encouraging members to sign up for its Diploma in Commercial Finance, a portable qualification providing an essential skills and knowledge base on financial services issues.

Sara Reading, a broker for Bedfordshire-based Peach Productions Finance, is the first to complete the course. She says: “It has greatly benefited our organisation and the portable element means I&#39m now studying for a law degree. I felt I needed more specific knowledge of the financial services industry.”

The NACFB expects the number of members signing up to the diploma to increase as awareness rises.

Keith Heron, NACFB chief executive, says: “We have been accused of being a closed shop in the past and are trying to open up to new possibilities. This is a qualification recognised by the IFS that includes lending, securities and asset-based components.”

IFS, the awarding body that joined forces with the NACFB to offer the qualification, tailored the programme to meet the needs of the NACFB and its members. Simon Ashmore, head of marketing and PR at IFS, says: “The result of taking this diploma is that bottom-line profits will increase if the knowledge of those involved in the organisations can be validated.”

Recommended

Redecortaing is our holiday obsession

The average person spends more than 20 days a year &#45 that&#39s a staggering 486 hours &#45 striving for perfection in their homes. A minimum of £550 is spent on each room of the house, on decorating materials such as paint, fixtures and fittings. And each person will decorate rooms up to six or seven […]

MCCB research confirms affordability is key for consumers

The results &#45 from a survey of over 200 mortgage borrowers &#45 complement the mystery shopping research results published by MCCB in July. The survey covered the way affordability issues are being addressed by mortgage firms in the whole mortgage sales process. This research is the last to be commissioned by MCCB to gauge consumer […]

SPF launch equity release scheme for Spanish houses

SPF has launched the first ever product that allows UK owners of Spanish property to release equity up to 80% of the property value. Until now, releasing equity from a Spanish property, where strong property price increases have occurred in recent years, has been almost impossible beyond 40% of the value of the property. The […]

ARs and the state of independence

Just as brokers are making their final decisions about which network to join after wading through piles of marketing material, a new issue has surfaced that could influence the route they take. It emerged at the end of last month that networks are divided over whether they want their members to avoid calling themselves independent […]