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Industry news, research and expert opinion.

BUILDING YOUR KNOWLEDGE

The Insurance Distribution Directive (IDD) is designed to ensure protection advisers act in the best interests of their clients. Part of this regulation requires anyone selling, advising or transacting insurance to undertake (and record) 15 hours of role specific training over a period of 12 months. To qualify, training must address a specific training need. Each activity should take no less than 30 minutes although a batch of different activities can be combined and recorded together.

The information below can help you better understand and meet these new regulatory requirements.

CII accredited Masterclass - IDD & Preparing for the SM&CR 90 mins

This Webinar will remind you of the importance of the IDD and what to do to prepare for the Senior Manager &Certification Regime. Johnny Timpson, Scottish Widows Industry Affairs Manager is joined by Melissa Collett from the CII and threesixty’s Russell Facer for a panel discussion following a 10 minute presentation covering the main regulatory changes. We’ve also developed a Q&A document that addresses the key questions asked throughout this session.

CII accredited CPD learning modules From 45-60 mins each

Developed by our Financial Planning team, each course will provide up to 60 minutes of learning on specific topics. Each course has clear objectives detailed upfront, with questions to test your knowledge and help you demonstrate your understanding of the course. Current topics are listed below:

  • Residence Nil-Rate Band for protection advisers

  • Trusts for protection advisers

  • Relevant Life Cover – employee protection and lifetime allowance planning

  • Business Protection – key person, shareholder and partnership protection

  • Business Protection – understanding business structures

Presentations From 20-90 mins each

Learning activities led by a Scottish Widows Account Manager on key topics relating to Scottish Widows Protect and the wider market. Contact your Account Manager or email protectsales@scottishwidows.co.uk to arrange these sessions.

Protection TechTalk Special Edition 90 mins

Nine protection specific articles exploring the more technical aspects of protection from our financial planning and protection experts. Topics include:

  • Underwriting - Risk Selection Not Avoidance

  • Mortgage Protection Breakthrough: New Welfare Disregards

  • Trust Basics: Bare, discretionary, flexible and split

In Our Market commentary Up to 20 mins each

Market insight and news developed for industry publications, featuring articles and videos.

Johnny Timpson Blogs Up to 10 mins each

Short opinion pieces from our Industry and Technical Affairs Manager, Johnny Timpson.

This site is intended for UK authorised & regulated financial advisers only. It is not intended for onward transmission to retail customers & should not be relied upon by any other person. If you are not an adviser please return to our consumer site.

Every care has been taken to ensure that this information is correct and in accordance with our understanding of the law and HM Revenue & Customs practice, which may change. However, independent confirmation should be obtained before acting or refraining from acting in reliance upon the information given.

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Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

Halifax Financial Services is a trading name of Scottish Widows Limited. Scottish Widows Limited is registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Bank plc, registered in Scotland no. 154554. Registered office in the United Kingdom at PO Box 12757, 67 Morrison Street, Edinburgh EH3 8YJ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 201601.