Homing in on Radar

Ensuring a robust Continuing Professional Development (CPD) system is in place for advice businesses is becoming increasingly important as the requirements for providing financial advice continue to evolve.

From the beginning of May, Strategi Institute began delivering the Version 2 programme of the New Zealand Certificate in Financial Services (Level 5). 

Strategi Group executive director David Greenslade says continual upskilling is imperative in the current environment.

“It is clear that adviser upskilling will not stop with the current migration to the second version of the New Zealand Certificate in Financial Services (Level 5) that is now underway,” he says.

“Educational requirements have been changing and improving for years, and it doesn’t look like this is about to stop any time soon.”

Greenslade says keeping track of CPD requirements is essential in this environment, particularly in terms of ensuring regulatory requirements are being met by individuals and advice businesses alike.

Strategi Institute’s online CPD platform Radar provides a solution for this pain point, Institute head Altaf Shaikh says.

Described as a one-stop ‘command centre’ for training resources, Professional Development Plans (PDP) and CPD training logs, Radar has been built specifically for reporting entities in the financial services and Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) arena. It caters for individuals through to small-medium enterprises, as well as large organisations.

When CPD training is completed within Radar, the results are automatically populated into the user’s CPD log allowing both the user and management to track progress.

“Radar takes away all the hard work of creating, documenting, tracking and reporting CPD, while also actually delivering and assessing the training itself,” Shaikh says.

“With so many regulations and requirements to meet, having CPD taken care of by a third party in a way that is fully customisable, regularly updated, while also being defendable, can be a real load off.

“It provides a way to mitigate risk, while actively developing the knowledge of individuals and staff in a straight-forward and effective way.”

Shaikh says Radar is growing rapidly with close to 3000 current users and plans in place to grow this to over 6000 users within the next two years. It includes an ever-growing library of over 300 CPD training modules, with content presented via video, Microsoft PowerPoint and PDF.

Shaikh says the platform was launched in 2015, comes fully supported, meets security protocols and can be white-labelled.

To find out more about Radar visit  https://www.strategi.co.nz/training/ email support@strategi.ac.nz or phone Nicole on 09 414 1300.