Financial advisers reminded of funding

Monday, March 8 2010

Financial advisers who are eligible for government funding towards training are being advised to apply soon before the scheme ends.

Standards International offers Train to Gain funding for those wanting to achieve the international standard in financial planning (ISO 22222).

This means that the usual cost of £1,375 may be cut to £437.50 for those in receipt of the allowance.

Business development director at Standards International Michelle Hoskin said: "The clock is ticking for advisers who want help with the costs of achieving ISO 22222."

She added that it is a vital tool for advisers' businesses and the scheme can considerably cut the overall cost.

Minister for skills Kevin Brennan said that thousands of firms have already profited from Train to Gain.

Standards International explains that the Iso 22222 standard applied to ethical behaviour, competencies and experience of professional personal financial planners.

The internationally agreed benchmark aims to improve consumer confidence in the advice offered by those with the qualification.