theme 4 Action plan

Action 2023 Action 2024-27 Outcome

Engage with stakeholders to develop the new qualifications pathway, with the Professional Map at its heart

- Select partners for qualification delivery (Q1 2024)

- Approve new qualifications from partners (Q4 2024)

- Launch new qualifications (Q1 2025)

- Run off old qualifications (2025-27)

The Institute is perceived to deliver world class learning and develop rounded practitioners who deliver exceptional customer outcomes.

Run pilots for

1) a cohort-supported learning offer;

2) new assessment (R06);

3) membership by professional experience;

4) digital badging.

Subject to pilot outcomes: Launch additional cohort learning units through 2024-27

Redesign all subjective exams into coursework during 2024

Launch Experience Assessment

H1 2024

Launch digital badges for CPD & development programmes 2024; and for qualification units in 2025

Members can access endorsed materials, approved partners, accredited development programmes, simplified recognition of prior learning, reflect prior experience assessment in member designations, enjoy digitally badged CPD, and feel supported in their progression through each career stage.

Launch a new endorsement model, by Q3 2023. Use the Professional Map as a guide for missing knowledge, skills and behaviours. Use partner model to fill Professional Map gaps.

Continue to build up ‘endorsed’ content offer

Members can access endorsed materials, approved partners, accredited development programmes, simplified recognition of prior learning, reflect prior experience assessment in member designations, enjoy digitally badged CPD, and feel supported in their progression through each career stage.

Develop and pilot the consultancy proposition for the Professional Map

Launch consultancy proposition, by Q4 2023

The Professional Map is the recognised competence standard for roles in insurance and personal finance and as such is universally adopted by organisations and individuals alike.

Progress apprenticeship and T level work to build a talent pipeline

Continue to develop local colleges where corporate clients have recruitment hot spots

Our apprenticeship and T level support meets organisational needs to develop exceptional practitioners with appropriate professional qualifications; whilst accessing a diverse and growing range of young talent to join the professions.

Continue to build or collaborate with partners to offer CPD and development programmes to meet sector needs and the requirements of the Professional Map. Use new endorsement model to ‘recognise’ this content.

Define a new strategy for Chartered firms and review the rules; ensuring they are achieving the vision for them

Continue to build up ‘endorsed’ content offer

Students and members understand what they need to study to meet their career and CPD goals. Organisations, stakeholders, and members see value and worth in our whole learning offer. Customers find the learning they need at the right time.

Continue to grow Chartered Firms number and educate Public in value of Chartered firms and individuals

Becoming a Chartered Firm is more accessible and is focused on the benefit for the public of using a Chartered Firm