CASS 5: Insurance Distribution Activity Training Course

CASS rules apply to money belonging to all clients. Clients are classified as retail, commercial, professional and any other eligible counterparty.

Our CASS 5: Client Money - Insurance Distribution Activity course provides an overview of CASS 5 which are the client money rules that apply to insurance distribution. 

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CASS 5: Insurance Distribution Activity Training Course

About this Course

This SCORM-compatible course is part of our Insurance Course Library.

The library is available in the Skillcast Standard plan for larger companies or Skillcast Basic plan for those with under 50 learners.

Learning Objectives

This course will prepare your employees to:

  • Understand the client money rules as they apply to insurance intermediaries
  • Highlight the importance of protecting client money
  • Identify the types of client money calculation
  • Demonstrate good governance
  • Report regulated activities to the Financial Conduct Authority (FCA)

Course Outline

Introduction

What is Client Money: Insurance Distribution Activity?

Principle 10: Clients' Assets

- Consumer, customer or client?
- Risk transfer arrangements
- You decide: Who carries the risk?
- Mixing money
- You decide: Client money

Segregation

- When multiple firms are involved
- Statutory or non-statutory trust
- Setting up a non-statutory trust account
- Setting up client accounts
- Client bank accounts
- What if it gets complicated?
- Commissions and fees
- Keeping records
- You decide: A matter of days

Client money calculation

- Calculations and reconciliations
- Carrying out the calculation
- Notifying the FCA
- You decide: Types of client money calculation

Crossing the line

- Examples of common CASS errors
- Reporting to the FCA
- Key performance indicators
- You decide: Reporting

Summary

Affirmation

Assessment

Course Specifications

Structure

Structure

Approximately 25-minute long e-learning course followed by a 10-question assessment.

Audience

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

Compatibility

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

Tailoring

Tailoring

Fully customisable on Skillcast Portal CMS.

Translation

Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

Localisation

Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

FCA Course Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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FCA Courses Library