Making best use of a limited training budget.

Q: My firm gets bombarded with offers of technical training. I know staff will need training to meet Financial Services Authority rules but how can I spend my limited budget wisely?

Modern regulation calls for a demonstration of competence to do the
job, rather than a list of courses taken.


First of all you need a training needs analysis of your staff. This will
help you to identify where the needs lie and then decide how best to meet
these requirements.


This forms part of your training and competence regime. And it probably
needs some outside support from whichever firm you are working with on the
Financial Service Authority compliance.