Services for IFAs
Training & Competency Support
Helping firms build, evidence and maintain a robust training and competency framework that meets FCA expectations and supports adviser development.
Competence is not a one-off exercise
The FCA expects firms to have a structured, ongoing approach to training and competency, one that genuinely supports adviser development and can be evidenced under scrutiny. A T&C scheme that exists only on paper is a regulatory liability.
Verstehen works with firms to design, review and operate T&C frameworks that are both compliant and practical. We bring independence and expertise to the process, helping firms demonstrate a genuine culture of competence.
What we provide
T&C scheme design and review
Design of new T&C schemes or independent review of existing frameworks against FCA requirements, identifying gaps, recommending improvements and ensuring your scheme is fit for purpose.
Competency assessments
We can undertake an independent assessment of individual advisers against your firm's competency framework providing an objective view of competence levels and identifying development needs.
Supervision and sign-off support
Support for firms managing the supervision and sign-off of advisers working towards competence, including structured observation, file review and assessment documentation.
CPD framework development
Design and review of CPD frameworks and recording systems, ensuring your firm can evidence ongoing professional development in a way that satisfies regulatory expectations.
T&C audit and gap analysis
A structured audit of your T&C function, assessing the quality of records, the robustness of the process and the firm's ability to evidence competence under FCA scrutiny.
Practical, proportionate, independent
We understand that T&C can feel like a compliance burden. Our approach is to make it genuinely useful; a framework that supports your advisers, protects your firm and satisfies the regulator. We work with firms of all sizes, from sole traders to multi-adviser practices.
- Independent - no commercial interest in the outcome
- Proportionate to the size and complexity of your firm
- Practical frameworks that work in the real world
- Clear documentation suitable for FCA review
- Flexible - project-based or ongoing support
Strengthen your T&C framework
Whether you need a full scheme design, an independent audit or support with a specific competency challenge, we can help. Get in touch to discuss your requirements.