The Financial Services Skills Council reported that financial advice sector is facing an extensive shortage of skills and the costs of regulations are being constrained due to the inability to recruit new people. The FSA conducted a survey among 279 employers in the advice sector and the reports were shocking. Almost 81% claim to be facing recruitment difficulties and 72% cite skill shortages as a reason for this. Among the financial advisors, 30% have undergone CeMAP training and hold the CeMAP certification.
When ifs School of Finance launched the CeMAP certification the industry was self-regulating. With the regulatory environment becoming harder than before, ifs School of Finance has decided to offer mortgage advisers the chance to maintain competence online. The CeMAP version of the Competence Maintenance Tool (CMT) features a variety of circumstances mortgage advisers can tailor to their personal needs. CMT aims to give CeMAP advisors a powerful, interactive platform that matches the pace of regulation.
The ifs School of Finance has also signed a four-year deal with education publisher Pearson to deliver testing of qualifications and online training including CeMAP for regulated mortgage advisers.
When ifs School of Finance launched the CeMAP certification the industry was self-regulating. With the regulatory environment becoming harder than before, ifs School of Finance has decided to offer mortgage advisers the chance to maintain competence online. The CeMAP version of the Competence Maintenance Tool (CMT) features a variety of circumstances mortgage advisers can tailor to their personal needs. CMT aims to give CeMAP advisors a powerful, interactive platform that matches the pace of regulation.
The ifs School of Finance has also signed a four-year deal with education publisher Pearson to deliver testing of qualifications and online training including CeMAP for regulated mortgage advisers.
ifs School of Finance Freezes Fee Hike
Tuesday, July 24, 2007
The ifs School of Finance has frozen all prices of their regulatory certifications until 2008.This includes the CeMAP exam too. This clearly indicates there will be no change in the CeMAP fee and it will remain at £130 per module, including a twelve-month registration, reference manual and the initial examination. The ifs which normally introduces a inflationary fee hike every year will not be doing so this year.
Commenting on this, Mark Roberts said that, ifs arrived at this decision because Financial Services Authority will be simplifying their CeMAP training courses at the end of the year which is likely to result in significant syllabus changes across the range of their regulatory qualifications. As they believe that the trainees should be examined in updated legislation, they have retained the current pricing.