LIA, 183 Kimmage Road West, Dublin 12. T: 01 456 3890 F: 01 455 4530 E: queries@lia.ie
FAQs
Qualified and ‘Grandfathered’ individuals who come under the Central Bank’s Minimum Competency Code (MCC) and are required to undertake a programme of CPD on an ongoing basis. If you are a QFA, CUA or CPD Member of LIA this applies to you.
QFA and CUA members retain their designation by complying with ongoing Continuing Professional Development (CPD) requirements.
The QFA designation (qualification and attaching CPD programme) meets the Minimum Competency Code(MCC), specified by the Central Bank, for advising on and selling five categories of retail financial products:
QFAs who have also hold the APA (Personal General Insurance) also meet the Minimum Competency Code to advise on / sell personal general insurance products.
The CUA designation has been approved by the Central Bank for Credit Unions acting as insurance intermediaries.
Under MCC, all accredited individuals and specified accredited individuals, whether accredited through ‘grandfathering’ (confirmed by their employer based on the experience requirements) or obtaining a recognised qualification, need to complete a number of hours CPD per year
CPD Membership, applies to members who have been accredited by the Central Bank and who meets the minimum competency standards through their years of experience in various areas of the Industry. These members may apply to LIA as a grandfathered individual i.e. CPD Member. Refer to the Central Bank’s website about accreditation. CPD Members must participate in a CPD Programme and this programme is administered by LIA. CPD Members avail of various CPD benefits i.e. access to mycpd.ie, automatic logging of their CPD hours to their personal record, to view their CPD Cycle via online facility and many more.
LIA, 183 Kimmage Road West, Dublin 12. T: 01 456 3890 F: 01 455 4530 E: queries@lia.ie
FAQs