Brokers may soon have an easier way to track CPD points, even if they move from one company or aggregator to another.
The FBAA has signed a partnership with My Professional ID Australia giving its members access to web-based technology to track past, current and ongoing professional qualifications. FBAA president Peter White said the partnership was in response to member complaints about the complexity of tracking CPD points.
"The FBAA has listened to the membership and is addressing the complexity and time-consuming task of managing Continuing Professional Development compliance and other qualification information for our members. My Professional ID provides a repository of past, current and ongoing information for each individual member, and also gives members the ability to manage and share the information with external parties such as customers, your firm and ASIC," White said.
White said the new program would be introduced at the FBAA's upcoming conference in Sydney. He commented that the new system would store members' identities, contact details, employment history, education qualifications attained, their professional development plan and CPD information and progression.
"This information will stay with members as they move from employer to employer, profession to profession and country to country. It will also allow members to request connections with other stakeholders in the network, which will facilitate sharing of this information. This means a member will not have to retype, resend or copy their information after completing their profile," White said.
"With the ongoing regulatory focus on the finance industry, the FBAA believes it is vital our industry acts, and is seen to act, professionally and transparently at all times. By having the ability to access proven and certified information, we believe this initiative helps our members and will enhance the standing of our industry," he added.
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