Major Banks set up Diploma Training Deals - Niche Market Recruitment - Emu Consulting

Leading UK banks have signed deals to train their advisers and sales staff to diploma or chartered status as they look to reposition themselves as part of the RDR.

The Chartered Insurance Institute says it is in talks with all major retail banks about raising qualification levels.

The Royal Bank of Scotland is training all its 150 IFAs up to chartered level in programme developed with the CII.

HSBC has also entered a deal with the CII to train its IFAs, sales managers and senior financial planning managers to diploma level in its premier, financial planning and commercial business.