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CASS 5 - Client Money - Insurance Distribution Activity

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.
Get started Course details
  • 25 Minutes
  • All staff
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives

  • 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)

    What can you expect your employees to learn?

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

Does your company have…

Under 50 employees?

We recommend our CoreCompliance, our solution, perfect for smaller teams. Start your training immediately with pre-configured, ready-to-go courses.

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Over 50 employees?

We have a range of flexible pricing plans to suit your unique needs. Choose from off-the-shelf course libraries or a customised, bespoke approach to reach your compliance learning goals.

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Your questions, answered

Common FAQs

Are the courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Can users only view the courses assigned to them?

No. All users can view all the courses in your Portal. Additionally, some of these courses may be mandatory, requiring completion by the given deadline.