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FCA Product Governance training

Five microlessons on FCA product governance: manufacturer and distributor duties, target markets, product testing, records and inducements, with situational tests and a certificate of completion.

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FCA Product Governance (UK) course preview
5Short, TikTok-style microlessonsIn the browser or the iOS and Android apps

Compliance teams that chose 5Mins

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Collingwood nsave ICAB Delamode LOQBOX Kennedys GSK Student Cribs Millennium Hotels Paris Baguette
  • 2Assessments
  • 5Microlessons
  • IncludedCertificate of completion
About this course

What the FCA Product Governance course covers

This course covers UK product governance under the FCA PROD rules in five short microlessons. It explains manufacturer and distributor responsibilities, including target market definition, product testing, distribution strategy and ongoing review, how suitability and appropriateness support compliance, and how records, remuneration and inducements fit with the Consumer Duty.

Learning outcomes

What your people will be able to do

  • Define target markets and negative target markets for financial products
  • Plan product testing, stress scenarios and mitigation before launch
  • Build distribution strategies and controls that match product complexity and client needs
  • Monitor sales outcomes and take remedial action when needed
  • Keep product governance records ready for regulatory review
  • Apply FCA rules on suitability, inducements and remuneration
Course contents

5 microlessons

Each microlesson is a short, TikTok-style video lesson, with knowledge checks along the way.

1Introduction to FCA Product Governance
2Product Governance Responsibilities for Manufacturers
3Product Governance Responsibilities for Distributors
4FCA Oversight, Suitability, and Regulatory Intervention
5Record Keeping, Remuneration, and Inducements

  1. Introduction to FCA Product Governance: What product governance is and how the PROD rules work.
  2. Product Governance Responsibilities for Manufacturers: Target markets, product testing and ongoing review for manufacturers.
  3. Product Governance Responsibilities for Distributors: Distribution strategies, controls and monitoring for distributors.
  4. FCA Oversight, Suitability, and Regulatory Intervention: Suitability and appropriateness, and when the FCA steps in.
  5. Record Keeping, Remuneration, and Inducements: Product governance records, remuneration and inducements.
A 5Mins certificate of completion for FCA Product Governance (UK), lying on a desk next to a laptop
Certificate

A certificate for every learner who completes it

Learners finish every microlesson and complete the assessments. 5Mins then issues a certificate of completion for FCA Product Governance (UK).

  • Certificates and e-signatures stored against each learner
  • Audit-ready records, ready whenever an auditor asks
  • Completion shows on the Compliance Dashboard in real time
Audience and regulation

Who it's for and the law it covers

Who it's for

  • Product, proposition and pricing teams at manufacturers
  • Distributors, advisers and platform teams
  • Compliance and risk teams who review products and distribution

Laws covered

  • FCA Product Intervention and Product Governance sourcebook (PROD). Sets out duties for manufacturers and distributors across the product lifecycle.
  • FCA Consumer Duty (PRIN 2A). Includes the products and services and the price and value outcomes.
How it runs in 5Mins

Assign it once, then let 5Mins do the chasing

Every course in the 5Mins library runs on the same zero-admin engine.

  • EnrollAuto-enroll

    Enroll people automatically from your HR system, with 100+ HRIS platforms supported.

  • RemindReminders

    Nudges by email, Slack, Microsoft Teams and push until the course is done.

  • RepeatRecurrence

    Set the course to repeat, for example every 12 months, and 5Mins re-enrolls people for you.

  • CertifyCertificates

    Certificates and e-signatures are issued and stored for every completion.

  • ProveAudit-ready records

    See who is complete, at risk or overdue on the Compliance Dashboard, and prove it any time.

Customer stories

Compliance teams that swapped chasing for results

Compliance, HR and L&D leaders on what changed when they moved their training to 5Mins. Pick a team to see what changed.

ComplianceCompliance Training Insurance, 205 colleagues 100%

compliance completion and pass rate since go-live

  • ~1 day saved on each compliance course (HR estimate)
  • Automated reminders and reporting

Since go-live, our compliance completion and pass rates are 100%, and it's the quickest we've ever got there. Automated reminders and reporting save us about a day per course.

Laura ChappellLaura ChappellHR Director, Collingwood
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ComplianceCompliance Training Insurance and emergency accommodation 87%

less session time, from 2.5-3 hour sessions to modules of 25 minutes at most

  • 12 monthly sessions a year, up from 3-4
  • 95% content creation time saved

Our compliance sessions used to be two and a half to three hours in a room, and we could fit in three or four a year. Now we cover one topic a month, and I can see exactly what people are retaining.

Lucy WybornLucy WybornDirector of Learning and Development, ICAB
Read the ICAB story
ComplianceCompliance Training Legal services 80%

completion on mandatory training, up from 20%

  • Mobile microlessons finished between calls
  • Manager view of each team's progress

We were sitting at 20% completion on our mandatory training. We're now at 80%. People finish short lessons between calls, on mobile, and managers can see where their teams are, so chasing completion is no longer a one-person job.

Jamie WaltonJamie WaltonGroup Learning and Development Officer, Winn Solicitors
See more customer stories
ComplianceCompliance Training Fintech and digital banking On demand

training log showing who did what, when, and the pass rate

  • Any device phone or laptop, at their own pace
  • Rolling refreshers through the year

When I engage with the FCA, I can show that every team has had training tailored to their role, that it's up to date, and that it runs throughout the year, with a full log of who's done what.

Abdul GofurAbdul GofurHead of Compliance & Anti-Financial Crime, nsave
Read the nsave story
★ Free sample lesson

See 5Mins in action with a free sample lesson

Interested in FCA Product Governance training? Request a free sample lesson, book a short demo with our team, and we'll share your sample lessons after the call.

  • Real microlessons from our library
  • A short demo with our team
  • No card needed

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Free course catalogues

Take the catalogues with you

Free PDF catalogues to share with your compliance lead, your managers or your board.

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Financial services

Global Financial Compliance Catalogue

Specialized compliance training for financial services teams working across borders, covering AML, risk management, customer due diligence and international regulations.

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UK compliance

UK Compliance Catalogue

Built for UK organizations, covering GDPR, RIDDOR, Martyn's Law, employment law and the regulations your team needs day to day.

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Compliance

Global Compliance Catalogue

Stay compliant across every market you operate in, with regulatory training covering GDPR, data protection, workplace safety and more.

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Your questions answered

Questions about FCA Product Governance training

How long is the FCA Product Governance course?

It's made up of 5 short microlessons. Learners can finish it in one sitting or spread it over a few days, and 5Mins sends reminders until it is done.

Is there a certificate?

Yes. Learners get a certificate of completion once they finish every microlesson and complete both situational tests. The record is stored in 5Mins for audits.

What is product governance?

The way firms design, approve, distribute and review financial products so they meet the needs of an identified target market. In the UK, the FCA's PROD rules set it out.

Who should take this course?

Product and pricing teams at manufacturers, distributors and advisers, and the compliance teams who review them.

How often should staff take this training?

Many firms refresh it every year and when products or rules change. In 5Mins you can set the course to repeat, for example every 12 months.

Can I try the course first?

Yes. Request a free sample lesson and book a short demo with our team. After your demo, we'll share sample lessons with you so you can see the format for yourself.

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