Assessing Competence: EQUITY RELEASE
Online assessment tool for assessing advisers’ equity release knowledge and identifying areas for further training.

Assessment details
4 assessments of 15 questions. Each assessment can be taken once at any time over a 12 month period.

The assessments are graded as:

Grade A: Distinction 90% to 100%
Grade B: Score between 70% and 89%
Grade C: Score between 55% and 69%
No grading achieved - score below 55%

Question difficulty is set at certificate level.

Benefits

• For corporate purchasers there is no time consuming and costly administration required to maintain and administer your own question banks and testing process.
• A simple way to check and verify that advisers are maintaining the required level of knowledge.
• Immediate notification of results.
• Email sent to user on completion of each assessment detailing the results. For all incorrectly answered questions a list of the question(s), your answer(s), correct answer(s) and business area that question(s) covers. On request we can also arrange for a third party such as an office manager to be copied in on results.
• Automated printable CPD certificate produced showing all results and allocation of 15 minutes CPD time for each completed assessment.
• Firms can set their own targets, for example “Each adviser must take all the assessments and obtain at least 1 grade B (or above) over a 12 month period”.
• More stretching assessment targets can be set for each adviser the following year based on their previous results.
• Position in database advised on the results page after completing each assessment so user can compare their performance with others in the industry.
• Demonstrate to the firm and the regulator that advisers/technical staff are maintaining the industry benchmark technical competence requirements .

If a firm has more that 5 users we are able to offer a discount. Contact us with numbers requiring access and we will confirm discounted price.

Other competence assessments
For assessing competence - CORE ADVICE click here
For assessing competence - MORTGAGES click here

For any other areas not already covered please contact us with details of your requirements.