The following qualifications meet the Minimum Competency Requirements for Retail Financial Products. Unless otherwise stated, these qualifications are recognised for Minimum Competency Requirements purposes with effect from 1 January 2007:
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Category of Retail Financial Product
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Qualifications which are deemed to meet current Minimum Competency Requirements
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Life Assurance Protection Policies
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- Qualified Financial Adviser (Institute of Bankers School of Professional Finance, LIA and The Insurance Institute of Ireland)
- Certified Insurance Practitioner plus Bridge Examination in Life Assurance Protection Policies (The Insurance Institute of Ireland)
- Member, Associate or Fellow of the Irish Institute of Pensions Managers (post 2006 syllabus)
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General Insurance Policies
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- Certified Insurance Practitioner (The Insurance Institute of Ireland)
- Qualified Financial Adviser plus Professional Certificate in General Insurance (Institute of Bankers School of Professional Finance, LIA and The Insurance Institute of Ireland) - for personal lines general insurance only
- Associate or Fellow of the Chartered Insurance Institute
- Diploma in Private Medical Insurance (The Insurance Institute of Ireland, approved 22 January 2009) - for private medical insurance only
- Certificate in Private Medical Insurance (The Insurance Institute of Ireland) - for private medical insurance only (only for individuals holding the QFA or grandfathered for other forms of insurance)
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| Shares, Bonds and other Investment Instruments |
- Qualified Financial Adviser (Institute of Bankers School of Professional Finance, LIA and The Insurance Institute of Ireland)
- Professional Certificate in Stockbroking or Registered Stockbroker (Institute of Bankers School of Professional Finance)
- Member, Associate or Fellow of the Irish Institute of Pensions Managers (post 2006 syllabus)
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| Savings, Investment and Pension Products |
- Qualified Financial Adviser (Institute of Bankers School of Professional Finance, LIA and The Insurance Institute of Ireland)
- Member, Associate or Fellow of the Irish Institute of Pensions Managers (post 2006 syllabus)
- Professional Certificate in Stockbroking or Registered Stockbroker plus Professional Certificate in Pensions (Institute of Bankers School of Professional Finance, approved 6 September 2007)
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| Housing Loans, Home Reversion Agreements and Associated Insurances |
- Qualified Financial Adviser (Institute of Bankers School of Professional Finance, LIA and The Insurance Institute of Ireland)
- Professional Certificate in Mortgage Practice (Institute of Bankers School of Professional Finance and LIA)
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| Consumer Credit and Associated Insurances |
- Qualified Financial Adviser (Institute of Bankers School of Professional Finance, LIA and the Insurance Institute of Ireland)
- Professional Certificate in Consumer Credit (Institute of Bankers School of Professional Finance)
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| Credit Unions |
Additional Qualifications recognised by the Financial Regulator |
| Credit Union acting as an insurance intermediary |
- Credit Union Adviser (LIA and Credit Union Development Association, approved 24 July 2009)
- Advanced Certificate in Credit Union Practice (University of Ulster and Irish League of Credit Unions, approved 2 September 2009)
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Additional qualifications recognised by the Financial Regulator for specified accredited individuals:
| Category of Specified Activity |
Additional Qualifications recognised by the Financial Regulator |
| Being involved in the decision-making process in relation to claims or assisting consumers in the administration or performance of claims arising under contracts of life assurance |
- Associate or Fellow of the Chartered Insurance Institute
- Diploma in Life and Disability Underwriting (The Insurance Institute of Ireland)
- Diploma in Life and Disability Claims (The Insurance Institute of Ireland)
- Solicitor Member of the Law Society of Ireland
- Barrister-at-Law called to the Bar of Ireland
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| Being involved in the decision-making process in relation to claims or assisting consumers in the administration or performance of claims arising under contracts of general insurance |
- Associate or Fellow of the Chartered Institute of Loss Adjusters
- Solicitor Member of the Law Society of Ireland
- Barrister-at-Law called to the Bar of Ireland
- Diploma in Loss Adjusting (The Insurance Institute of Ireland, approved 8 November 2007)
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| Acting on behalf of a regulated firm in adjucating on any complaint communicated to that provider by a consumer which relates to advice about a retail financial product given to that consumer or the arranging of a retail financial product for that consumer by an individual for or on behalf of that provider |
- Licentiate of the Association of Compliance Officers in Ireland
- Solicitor Member of the Law Society of Ireland
- Barrister-at-Law called to the Bar of Ireland
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