Chartered Insurance Institute  

CII offers discounts to struggling advisers

CII offers discounts to struggling advisers

The Chartered Insurance Institute is offering a discount to furloughed and struggling members of the personal finance industry during the coronavirus crisis. 

A 20 per cent discount on digital learning materials is available for both members and non-members who as a result of the pandemic have been furloughed or seen a material reduction in their income. 

The discount applies where the adviser's learning costs were not funded or subsidised by their employer, with the body saying it hoped the move would allow members to continue their professional development during the crisis. 

Advisers who have been made redundant or worked at a business which collapsed as a result of the pandemic will also be eligible for discounts on digital learning or membership. 

Gill White, learning and assessment director at the CII, said: "We have taken this action to assist and support both our members and non-members who are undertaking studies to maintain and develop their knowledge during this time of increased uncertainty.

"We want to ensure when government guidance changes, our insurance and personal finance professionals are in the best place they can be and have the knowledge needed to assist consumers."

Professional bodies, including the CII and Chartered Institute for Securities & Investment, have been forced to cancel and postpone exams as centres closed across the country as a result of social distancing measures. 

Earlier this month the Financial Conduct Authority granted an additional year for advisers to complete professional qualifications as a result of the widespread exam disruption, promising it would not take action against any advice firm where an employee was delayed in qualifying.

rachel.mortimer@ft.com 

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