The Benefits of Online Learning

Toni Cantin, Head of the ICTS Academy

In today’s world, continuous learning is vital for professional growth, and the retirement fund industry is no different. Professionals in this field need to keep up with changes in legislation, investment strategies, and governance practices. Online learning has become an essential and convenient resource, offering benefits that cater specifically to the industry’s needs. It allows for flexible, self-paced learning and provides access to the latest information and expert insights. This helps professionals stay informed and capable of managing funds effectively.

Online learning offers numerous benefits, the obvious ones being cost savings, flexibility of time and access to current information as material is quick and easy to update. But the more sophisticated online education providers also offer diverse and blended resources, networking opportunities, a personalised learning experience and verified hours towards maintaining FAIS compliance and/or professional designations. These advantages make it an attractive option for professional development.

One of the main benefits of online learning is its flexibility. Professionals are able to fit their education into their busy schedules. Online courses allow them to learn at their own pace and at times that suit them best. This adaptability makes it easier to stay updated whilst still taking care of work responsibilities.

Of course, then there is the cost-effectiveness of online learning. Traditional in-person courses can be expensive due to travel, accommodation, and material costs, which can prove too much for smaller businesses or individuals funding themselves. Online learning removes these expenses, offering a more affordable option. Online courses are generally much cheaper than traditional programs. This affordability allows retirement fund professionals to access high-quality education without straining their budgets, making ongoing learning accessible to more people.

Online learning platforms provide a wide range of courses on relevant subject matter. Professionals can enrol in specialised programs offered by renowned institutions and industry leaders, enhancing their skills and knowledge. This access to diverse educational resources is especially beneficial for trustees seeking to stay updated on industry developments or for advisors to learn their trade or remain up-to-date with the latest legislation and practice.

Despite the common belief that online learning is isolating, many online courses and webinars actually offer abundant chances for networking. Through discussion forums, webinars, and social media groups, professionals can interact with colleagues, share ideas, and collectively tackle industry challenges. These networking platforms are incredibly valuable, linking individuals to a diverse community of professionals with different backgrounds and viewpoints. Such connections promote collaboration, mentorship possibilities, and a richer understanding of the industry for all involved.

Lifelong learning is a cornerstone of professional success. Online learning supports continuous professional development by offering easy access to relevant material. Retirement fund professionals can pursue certifications, attend webinars, and engage in courses that keep their skills and knowledge up to date. This commitment to continuous learning not only enhances their expertise but also demonstrates their dedication to maintaining the highest standards in their field.

Online learning is a global phenomenon and emerging markets, in particular, are embracing this change.  This is borne out by the following World Economic Forum stats.

As the industry continues to evolve, embracing online learning is crucial for professionals seeking to stay current, enhance their skills, and ensure the successful management of retirement funds. By leveraging the advantages of online learning, the retirement fund industry can foster a culture of continuous improvement and innovation, benefiting both professionals and the retirees they serve.

ENDS