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Training for debt advisers

 

AEastwood
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The Bond Board, Rochdale

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Hi
We are homeless charity in the UK looking to set up a debt advice service to form part of our offer to homeless and private rented sector tenants. I’m researching the options for training and certification for any potential adviser that we recruit, but I am lost. I have found various options, with varying content and cost, all accredited by the MAS.

Can anyone tell me if there is a standard recognised qualification for debt advisers and if so, what it is?

Thank you,

     
Jon (CHDCA)
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Welfare Benefits, Craven CAB, N Yorks

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Hopefully someone directly involved in this will come along to answer, but I think the MAS framework is more about the organization showing they have the correct training routes in place to meet the required standards, than it is about officially accrediting an individual adviser to a certain level of work.

The standards and principles are set and checked by the FCA. If you haven’t already, you should decide if your proposed activity means you need to apply for authorization. E.g., budgeting advice might not, but advice on debt options will fall under the FCA. See CONC 8:
https://www.handbook.fca.org.uk/handbook/CONC/8/?view=chapter

If you do, then I presume the FCA may then give you further info on what is required.

     
Daphne
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I am similarly not an expert, but as I recall when used to work at Bristol City Council the debt advisers all went for the IMA accreditation - http://www.i-m-a.org.uk/accreditation/ - and I think it is used quite widely.

     
AEastwood
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The Bond Board, Rochdale

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Thank you both. I had already checked with the FCA with regards to regulation. They also advised that no formal qualifications or accreditation were necessary to be a debt adviser, which I was surprised/alarmed by. I will have a look at the IMA link,
Thanks again-much appreciated.