Qualifications

The qualifications listed in Part 1 of Appendix 4 have been recognised in respect of the retail financial products and the specified functions associated with those retail financial products, except in the case of specified function 3 “providing debt management services, as defined in Part V of the Central Bank Act 1997.” For example, the qualifications listed in respect of advising on or arranging life assurance are also recognised in respect of specified functions relating to life assurance, such as assisting consumers in the making of a claim under contracts of life assurance.

In addition to the qualifications set out in Part 1 a number of other qualifications have been recognised in respect of the specified functions, arranging amendments to life assurance policies and credit unions acting as insurance intermediaries. These additional qualifications are set out below in Part 2.

Part 3 sets out the qualifications which have been recognised in respect of specified function 3 “providing debt management services, as defined in Part V of the Central Bank Act 1997”.

As indicated below, further qualifications, will be recognised with effect from 1 October 2024, for credit union activities coming within scope of the Minimum Competency Code 2017 from that date.

Additional qualifications may be recognised in line with the requirements of the MCC 2017.

Part 1

Category of retail product	Qualifications which are recognised in respect of retail financial products and associated specified functions
1. Life Assurance	Qualified Financial Adviser (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Member, Associate or Fellow of the Irish Institute of Pensions Management (post 2006 syllabus) Accredited Product Adviser (Life Assurance) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Certificate in Personal Financial Planning with the Personal Financial Planner designation as provided by the National College of Ireland Accredited Product Professional (Life Assurance) (National College of Ireland)
2. Pensions	Qualified Financial Adviser (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Member, Associate or Fellow of the Irish Institute of Pensions Management (post 2006 syllabus) Accredited Product Adviser (Pensions) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Certificate in Personal Financial Planning with the Personal Financial Planner designation as provided by the National College of Ireland Accredited Product Professional (Retirement Benefits) (National College of Ireland)
3. Savings and Investments	Qualified Financial Adviser (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Member, Associate or Fellow of the Irish Institute of Pensions Management (post 2006 syllabus) Registered Stockbroker (Institute of Banking School of Professional Finance) Accredited Product Adviser (Savings and Investments) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Certificate in Personal Financial Planning with the Personal Financial Planner designation as provided by the National College of Ireland Accredited Product Professional (Savings and Investment) (National College of Ireland) Accredited Financial Practitioner (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024] Advanced Certificate in Credit Union Practice (Term Deposits) (University of Ulster and Irish League of Credit Unions) [from 1 October 2024] Pathways Diploma in Credit Union Practice (Term Deposits) (University College Cork and Irish League of Credit Unions) [from 1 October 2024] Credit Union Adviser (Term Deposits) (LIA) [from 1 October 2024]
4. Personal General Insurance	Certified Insurance Practitioner (The Insurance Institute of Ireland) Associate or Fellow of the Chartered Insurance Institute Accredited Product Adviser (Personal General Insurance) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Professional (Personal General Insurance) (National College of Ireland) Accredited Practitioner (Personal General Insurance) (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024] Accredited Financial Practitioner (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024]
5. Commercial General Insurance	Certified Insurance Practitioner (The Insurance Institute of Ireland) Associate or Fellow of the Chartered Insurance Institute Accredited Product Adviser (Commercial General Insurance) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Professional (Commercial General Insurance) (National College of Ireland)
6. Private Medical Insurance and Associated Insurances	Certified Insurance Practitioner (The Insurance Institute of Ireland) Associate or Fellow of the Chartered Insurance Institute Diploma in Private Medical Insurance (The Insurance Institute of Ireland) Accredited Product Adviser (Personal General Insurance) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Adviser (Private Medical Insurance) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Professional (Private Medical Insurance) (National College of Ireland) Accredited Product Professional (Personal General Insurance) (National College of Ireland)
7. Housing Loans, Home Reversion Agreements and Associated Insurances	Qualified Financial Adviser (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Adviser (Loans) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Certificate in Personal Financial Planning with the Personal Financial Planner designation as provided by the National College of Ireland Accredited Product Professional (Loans) (National College of Ireland) Accredited Practitioner (Loans) (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024] Accredited Financial Practitioner (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024]
8. Consumer Credit and Associated Insurances	Qualified Financial Adviser (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Adviser (Loans) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Accredited Product Adviser (Consumer Credit) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland) Certificate in Personal Financial Planning with the Personal Financial Planner designation as provided by the National College of Ireland Accredited Product Professional (Loans) (National College of Ireland) Accredited Practitioner (Loans) (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024] Accredited Financial Practitioner (National College of Ireland and Irish League of Credit Unions) [from 1 October 2024] Advanced Certificate in Credit Union Practice (University of Ulster and Irish League of Credit Unions) [from 1 October 2024] Pathways Diploma in Credit Union Practice (University College Cork and Irish League of Credit Unions) [from 1 October 2024] Credit Union Adviser (LIA) [from 1 October 2024]

Part 2

In addition to the qualifications recognised in respect of the retail financial products and associated specified functions, listed in Part 1, a number of other qualifications have been recognised in respect of the specified functions, arranging amendments to life assurance policies and credit unions acting as insurance intermediaries. These additional qualifications are set out below:

	Additional Qualifications recognised by the Central Bank in respect of retail financial products and associated specified functions
Credit Union acting as an insurance intermediary	Credit Union Adviser (LIA and Credit Union Development Association) Advanced Certificate in Credit Union Practice (University of Ulster and Irish League of Credit Unions) Diploma in Credit Union Operations (University College Cork and Irish League of Credit Unions)
Arranging amendments to life assurance policies and pensions	Associate or Fellow of the Chartered Insurance Institute Diploma in Life Administration (The Insurance Institute of Ireland)

Category of specified function	Additional qualifications recognised by the Central Bank in respect of specified functions
1. Assisting consumers in the making of a claim under contracts of life assurance Or Determining the outcome of claims by consumers arising under contracts of life assurance	Associate or Fellow of the Chartered Insurance Institute Associate or Fellow of the Society of Actuaries in Ireland Diploma in Life and Disability Underwriting (The Insurance Institute of Ireland) Diploma in Life and Disability Claims (The Insurance Institute of Ireland) Solicitor Member of the Law Society of Ireland Barrister-at-Law called to the Bar of Ireland
2. Assisting consumers in the making of a claim under contracts of general insurance or Determining the outcome of claims by consumers arising under contracts of general insurance	Associate or Fellow of the Chartered Institute of Loss Adjusters Associate or Fellow of the Society of Actuaries in Ireland Certified Diploma in Loss Adjusting (The Insurance Institute of Ireland) Diploma in Loss Adjusting (The Insurance Institute of Ireland) Solicitor Member of the Law Society of Ireland Barrister-at-Law called to the Bar of Ireland
3. Adjudicating on any complaint communicated to a regulated firm by a consumer which relates to advice about a retail financial product provided to that consumer or the arranging of a retail financial product for that consumer or the activities at 1, 2, or 3 above.	Licentiate of the Association of Compliance Officers in Ireland Solicitor Member of the Law Society of Ireland Barrister-at-Law called to the Bar of Ireland

Part 3

This Part 3 sets out the qualifications which have been recognised in respect of specified function 3 “providing debt management services, as defined in Part V of the Central Bank Act 1997”

Category of specified function	Additional qualifications recognised by the Central Bank in respect of specified functions
Providing debt management services, as defined in Part V of the Central Bank Act 1997	Accredited Product Adviser (Debt Management Services) (Institute of Banking School of Professional Finance, LIA and The Insurance Institute of Ireland). Accredited Product Professional (Debt Management Services) (National College of Ireland)

¹ The only qualifications recognised for providing debt management services are the two listed for the Debt Management Services category under Part 2 of Appendix 4.