The Chartered Insurance Institute (CII) has launched a new qualification offering flexible study routes for investment operations staff.

The two unit introductory qualification ‘QCF Level 3 Certificate in Investment Operations’ will provide the essential knowledge and skills needed by a wide range of operational staff working with investments.

The CII said it also satisfies the appropriate qualification requirements set by the Financial Conduct Authority (FCA) for investment operations staff.

The certificate includes an introduction to the financial services market and gives a practical insight into one of three areas of investment operations including collective investment scheme administration, individual savings account administration and investment client servicing.

The exam, being scheduled to start from September 2013 is also designed for advisers seeking an insight into the operational delivery of investment products and services.

Steve Jenkins, the CII’s director of financial services and insurance markets, said: "Today the FCA expects staff of all levels and across all functions to demonstrate that they have the necessary skills to perform effectively.

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"Equally, financial services firms and individuals are demanding more relevant, flexible and cost effective study solutions. We believe this certificate meets these needs, whilst also offering an engaging and stimulating study route for candidates.

"Ultimately, the CII’s mission is to raise standards across financial services, and this new qualification is an excellent way of building and recognising expertise and professionalism among investment operations staff," Jenkins added.