CII rising star group calls for mandatory adviser qualifications

Targeted at helping customers receive best advice

Hemma Visavadia
clock • 1 min read

The Chartered Insurance Institute’s (CII) New Generation Insurance Broking Group has called on the Financial Conduct Authority (FCA) to make it mandatory to have qualifications before being able to advise clients on cover.

The CII's rising star's group recently published a report which found that a knowledge gap exists within the broking profession that can have a direct impact on the level of customer advice. The group concluded that by having mandatory qualification requirements or a minimum number of years' experience for insurance brokers, customers will ultimately be able to reap the benefits of consistent, regulated advice. The report also follows the CII's member consultation which showed that six out of 10 UK-based insurance and personal finance participants agreed that certification was the way...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

FCA warns of Rosemount clone

FCA warns of Rosemount clone

Fraudsters targeting individuals

Isabel Baxter
clock 11 November 2024 • 1 min read
COVER Protection and Health Summit 2024: Afternoon roundup

COVER Protection and Health Summit 2024: Afternoon roundup

Product updates and core skills

Cameron Roberts
clock 11 November 2024 • 4 min read
SBG acquires stake in New Homes Mortgage Services

SBG acquires stake in New Homes Mortgage Services

Undisclosed sum

Jaskeet Briah
clock 08 November 2024 • 1 min read