RS Financial Services Gap Analysis Tool

The Financial Services clients use our Gap Analysis software to perform swift analysis of their workforce and independent financial advisers (IFAs).

The software has been put together with Financial Services Training experts - Corporate Training Partnerships and is used to assess personnel in a broad spectrum of financial services topics (CeMAP, CeFA, FPC syllabus). The questions are compiled by financial services experts.

The results of each test show the 'Gap' in knowledge, highlighted in the form of a simple report. The solution is straightforward; users give themselves a period of time to study any weak areas shown in their results and when ready, can perform a new test and review progress.

By making comparisons between tests, we are able to demonstrate the closing of the knowledge 'Gap'. It is often considered good practice to repeat the process, reducing the 'Gap' further. Tests can be retained as proof of diligence.

The benefits are:

identify a 'Gap' in generic Financial Services Knowledge

provide "REMEDIAL ACTION" on that 'Gap'

provide a "REMEDIAL TEST" on the areas identified

provide a report on all of the above to evidence that learning has taken place

enable an update on the current Budget to be tested

update changes to legislation and its impact on FS Advice

update market knowledge on new products and features in the FS marketplace

update changes in FSA Regulation and the impact of the provision of advice

provide a method of assessment that learning has reached the standards you have set all in a cost effective manner.

Here is a breakdown of the topics covered in our RS Financial Services Gap Analysis Tool:

	Protection ASU & PHI; Business Protection; Critical Illness; Endowments; Term Assurance and Whole Life
	Mortgage House Buying; Products; Protection & Repayment; Repayment Methods and Stamp Duty
	Pensions AVC & FSAVC; Occupational; Personal and State Pensions
	Data Protection Notification; Principles and Terminology
	General Insurance Claims; Commercial Insurance; Insurance Market; Legal Principles; Personal Insurance; Regulation & Supervision; Risk and Underwriting
	Investments Annuities; Collective Investments; Deposits; Endowments; Equity & Gilts; ISA; Life Assurance Bonds and National Savings
	Money Laundering Know your customer; Legislation; Penalties; Persons & Bodies with Money Laundering roles; Records and Reporting and Stages of Money Laundering Process
	Regulation & Legal Banking Code; Business Standards; Economics; Insurable Interest; Laws; Redress; Regulatory Structure and Wills and trusts
	Tax Capital Gains tax; Companies; Income Tax; Inheritance Tax; National Insurance; Qualifying Rules and State Benefits