| |
Other Studies:
->
Evaluating the Canadian Securities Course
->
Review of the Life Licensure Exam
->
Event-based Financial Literacy Paths
->
Blueprint for the OSC financial planner exam
->
Evaluating courses for securities professionals
->
Education & Regulation for mortgage brokers
->
Securities & Life Licensure - Prospects for convergence
->
The
Market for Plan Member Education
Assessing Eligibility for Licensure
An Act creating the
possibility of broader public accounting
licensure rights also stipulated that the
standards for granting licensure rights should
be no less rigorous than those already used.
After consultation plus literature and document
review, we created a process that made it
possible for accounting bodies to demonstrate
the rigour of their standards compared to a
benchmark. The test of substantial equivalence in our
process focuses primarily on education,
experience and examinations, as well as
competencies developed. Preparation programs
are judged on coverage of competencies, internal
consistency, external rigor and compliance with
professional standards.
Life Licensure Review Completed
The Brondesbury Group completed its detailed review of the Life Licensure
Qualifying Program examination, including content review by subject matter
experts and a statistical review of test performance. The review, which
includes recommendations for improving the exam and its administration, is
posted on the website of the Canadian Council of Insurance Regulators. This
challenging assignment joins industry and educational expertise to review
examination results and use them to improve the test and its impact in the
future.
Financial Literacy
Program Gets into Gear
After a year of in-depth research with consumers and advisors, we completed
an Event-based Learning Guide for the Investor Education Fund -- an
affiliate of the Ontario Securities Commission. The Learning Guide follows
the decision-making path of consumers from a triggering event through the
initial tough decisions to taking action. At each step of the way, we have
recorded the questions that consumers want answered in their own words.
These have been formed into 94 learning modules, each with its own
objective. The Investor Education Fund is now translating this work into
learning packages for their website. Keep on eye on www.investored.ca next
year to see how the initiative develops.
Standards of Exam
Administration
This study identifies 118 generally accepted standards for administration of
licensure exams in financial services, as well as identifying 103 practices
that exceed generally accepted standards. The guiding principle for the
standards is “due and reasonable care” which entails anticipating likely
processes and problems, creating written standards to guide process and
monitoring compliance. The standards themselves blend a review of documents,
research studies, industrial psychology principles, site visits and
interviews with organizations involved in credentialing in financial
services.
Mortgage Broker
Roles & Responsibilities
This research identifies the knowledge and skills required to proficiently
manage a mortgage brokerage firm, particularly after preparation as a
mortgage originator. The report looks at education, experience, ethics and
examination as elements of preparation.
Building the Financial
Literacy Guide
The Fund is implementing the Learning Guide produced as a result of
Brondesbury Group research to develop a financial literacy framework for
adult consumers of financial services and products (excluding borrowing).
Over the past 3 years, we worked with the Fund providing advice on content,
selection of suppliers and other developmental issues.
Click here to see work under development.
Mortgage Brokers "Raise the Bar"
Opinion leaders from mortgage brokerage firms, educators and regulators
support an accreditation program for mortgage brokers. The four E’s of
professional preparation are increasingly important for mortgage brokers
too: Education, Experience, Exams and Ethics. With over one-quarter of first
time home buyers using brokers for their new mortgage, this trend is right
in line with current regulatory focus on consumer protection.
|
|
