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 email@example.com 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.