Learning and development must never stop once the qualification is obtained and proved by successful examination. From the 2019, the BFAA is implementing mandatory Continuous Professional Development (CPD) for all employees of the Affiliated companies.

CPD is the Continuous Professional Development upon meeting initial competence requirements (e.g. passing benchmark qualifications). License Holders should maintain their knowledge and skills required to undertake their daily role by completing CPD, it should include technical knowledge and its application, skills and expertise and changes in the market and products, legislation and regulation in the area or their work. CPD is verifiable, where an individual obtains a verification that they have undertaken the CPD activity.

Starting from 2019 the BFAA produces and offers e-training and pdf format CPD courses.

Depending on the license type the license holder can choose the courses he/she is more interested in.

Upcoming CPD Courses in YEAR 2021

INSURANCE CLAIMS.

2021`s ETHICS CASE.

Currently available CPD courses

TAXATION OF AN INDIVIDUAL`S INVESTMENTS AND INSURANCE AGREEMENTS 

Syllabus: 2.2. REGULATION OF INVESTMENTS & 6.1.4 & 6.2.7 TAX LAW
Licences: IA, IIP, IIA, LIA, NLIA
CPD hours: 4.5
Author: Violeta Tumkienė
Published: September, 2020

Learning Outcome: Understanding taxation of investment and insurance product for residents and non-residents of Lithuania. 

2020's ETHICS CASE. PRINCIPLES BEHIND INVESTMENT OR INSURANCE ADVICE

Syllabus: 2. ETHICS & REGULATION
Licences: IA, IIP, IIA, LIA, NLIA
CPD hours: 2.25
Author: adapted from Swedsec case by Irma Lazickienė,
Karolina Kriščiukaitytė, Pavils Misins
Published: November, 2020

Learning Outcome: 

BIOMETRIC RISKS IN INSURANCE

BFAA Syllabus: 1.3. INSURANCE MARKET
Licences: IIA, LIA, NLIA
CPD hours: 2.5
Author: Kadri Rumm
Published: November, 2020

Learning Outcome:

· learn what biometric risks are;

· get to know more about biometric risk products;

· learn more about the four core risks – mortality, disability, morbidity and longevity;

· get to know more about underwriting, exclusions and premiums.

INDEX FUNDS AND EXCHANGE TRADED FUNDS IN THEORY AND PRACTICE

BFAA Syllabus: 5.2. INVESTMENT FUNDS
Licences: IA, IIP, IIA, LIA
CPD hours: 3.5
Author: Marten Kress
Published: September, 2020

Learning Outcome: 

FX IMPLICATIONS

BFAA Syllabus: 1.2.1. Foreign Exchange Markets
Licences: IA, IIP, IIA
CPD hours: 4
Author: Maris Rambaks
Published: October, 2019

Learning Outcome: 

PERSONAL FINANCE

Syllabus:
Licences: IA, IIP, IIA, LIA
CPD hours: 3
Author: Janis Rozenfelds, Tadas Gudaitis
Published: October, 2019

Learning Outcome: 

PRINCIPLES OF ESTABLISHING THE INSURANCE PREMIUM

BFAA Syllabus: 1.4. FINANCIAL BASICS
Licenses: IA, IIA, LIA, NLIA
CPD hours: 3
Author: Kaido Kepp
Published: May, 2019

Learning Outcome: