The Equity Release Council has introduced a new testing requirement for all of its members. This test must be completed each year to maintain membership and to ensure your knowledge remains current.
We have uploaded this test to the LMS system, and any adviser with Equity Release permissions will be allocated this training to complete. If you do not have Equity Release permissions, you will not be assigned this training.
The test contains only 15 questions, so it will not take long to complete. However, there is a requirement to achieve at least 75% on the test.
So, when does this need to be completed by?
For those who are required to take this test, the deadline set on LMS will show as the 31st of October 2024. Additionally, Equity Release Council members will need to confirm that they have successfully completed the test when they renew their Equity Release membership.
How will I know if I have to take the test?
This test will only be allocated to advisers with Equity Release permissions. If you are unsure whether you have these permissions, you can check your permissions certificate provided by our member support team. If you do not have this certificate, you can contact member support to request another copy: membersupport@connectmortgages.co.uk.
Also, when we allocate this training to your LMS training page, you will receive an email notification to inform you that the training is now ready to complete.
If you have any questions, the Equity Release Council have created a frequently asked questions section, that you can read HERE
They have also created further help for members of the Equity Release Council that can be read HERE
Should you have any questions on this, please do not hesitate to contact myself or the compliance team.
Regards
Alan Baldwin
Director of Compliance
For any questions or queries, contact the Compliance Team
Call : 01708 676110
Email : compliance@connectmortgages.co.uk