Training
NAS Insurance Brokers recognises the importance of ensuring
that all employees and Authorised Representatives of NAS offering
financial advice to clients have appropriate skills and knowledge.
The responsibilities of the NAS Compliance Officer include:
- Ensuring that all those authorised to represent NAS, and
their employees offering advice to clients, meet or exceed
the training standards required by the FSRA.
- Maintaining training records, analysing training needs,
preparing annual training plans and circulating information
about the availability of training courses and product information
seminars to meet the need for on-going training.
- Implementing supervisory arrangements to ensure that advisers
are not over-delegating so that administrative personnel are
not providing financial services.
- Fostering a culture and environment in which NAS staff
as well as Authorised Representatives and their staff recognize
and value the importance of continuously improving knowledge
and skills and maintaining training records.
On becoming Authorised Representatives of NAS Insurance, Advisers
will be required to register every member of their organisation
likely to offer financial advice to clients. Registration will
require:
- Documentary evidence of having acquired the Tier 1 qualification
approved by ASIC to meet the requirements of PS 146 combining
insurance broking, general insurance, generic knowledge and
skills. Acceptable documentary evidence will be a certificate
of completion of an ASIC approved Tier 1 training course since
1995; or written evidence of assessment by an assessor listed
in the ASIC Training Register (available to those with at
least five years relevant experience over the preceding 8
years).
- Completion of a Training Needs Schedule which will identify
the tasks and functions performed by the individual, and facilitate
the planning of on-going training.
Access to the NAS on-line system for Advisers and members of
their staff will be subject to completion of basic training
in the use of the system. Individuals will have access to view,
but not to modify, their own training records on the system.
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