The package costs £95 per year and, the LIA claims it provides adequate evidence of training and competence for FSA regulations.
Mark Ommanney, director general of the LIA, commented: “Mortgage Assess gives advisers the information they need to maintain the knowledge they require to continue advising clients and running their businesses.”
Head of themes and industry training with the FSA’s Investment Firms Division FSA, Chris Rexworthy, said: “The FSA requires individuals giving mortgage advice to achieve competent status, remain competent at the work they do and be regularly reviewed as to their competence. We therefore support any arrangements which will assist this process and welcome the work which the CII, LIA, and SOFA are doing through Mortgage Assess.”
Commenting on the development James Mayne, director of compliance services at web-based training and competence provider, Competent Adviser, said: “I would question what experience they have of the mortgage market. We are mortgage people through and through.”
