Over the course of a month 203 CII members received a discount on digital learning materials due to financial distress caused by the Coronavirus pandemic.

In May the members received a discount code from the professional body to enable them to continue their studies and further their careers during the coronavirus outbreak.

Of those who received the discount, 82 had been furloughed or had seen their income materially reduced.

The remaining 121 individuals who requested the discount stated they were self-employed causing their earnings to be significantly impacted by the global pandemic, their employment had been terminated, their employer’s business had collapsed or the offer of a new job had been rescinded.

At the start of May the CII offered a 20% discount on digital learning materials for finance professionals who were furloughed or had seen a material reduction in their income as a result of the Coronavirus pandemic.

The discount remains available for as long as the government’s furlough scheme remains in place and can be applied where the individual's learning costs were not funded or subsidised by their employer.

Gill White, learning and assessment director at the CII, said: "I am pleased that members who have found themselves financially impacted by Covid-19 have been able to use the discount to continue their professional development during the crisis.

“We introduced the discount to assist and support both our members and non-members who want to enrich their skills and develop their knowledge during this health and economic crisis.

"By taking this time to engage in learning we hope our insurance and personal finance professionals are furthering their careers and will be in the best place they can be to assist consumers.”