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European Centre for the Development of Vocational Training

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Financing adult learning database Topbar

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Financing adult learning database

Financing adult learning database

  • Introduction
  • Overview
  • Types of financing instruments
  • Compare instruments
  • Country overviews
  • Advanced Search
  • Scope and glossary
  • About

House of Training

PDF Version
Name of the instrument - Local language
House of Training
Name of the instrument - English translation
House of Training
Scheme ID
141
Country
Luxembourg
Reporting year
2020
Type of instrument
Training fund
Sub-type of instrument
Sectoral level collection and sectoral level distribution
Type of entry
Single instrument
Short description

Companies of the financial sector are obliged to contribute a fixed share of payroll costs (1.5%) to a training fund which, in return, provides funding for training employees of the financial sector for the banking environment in Luxembourg and the various trades that the industry offers. Eligible types of training include areas such as insurance banking, business management, law, fiscal law, economy, financial management, pedagogy. Fees and other costs related to training (such as costs of materials) are considered eligible costs to be funded. No preferential treatment for a particular group of beneficiaries is applied.

Level of operation
Sectoral
Name of a part of the country
Not applicable
Name of the region (for regional instruments)
Not applicable
Name of the sector (for sectoral instruments)
Banking
Relevance
Further instrument
Legal basis
IFBL is officially accredited as a provider of continuing training courses in the frame of art 47, law of September 1990.
Objective(s) and target(s)
To train employees of the financial sector for the banking environment in Luxembourg and the various trades that the industry offers.
Year of implementation
1990
Year of latest amendment
2015
Operation/management
Management: employers' organisation; monitoring: The Luxembourg Bankers' Association (ABBL).
Eligible group(s)
Employees of companies, members of ABBL
Group(s) with preferential treatment
no
Education and training eligible
Areas include: insurance banking, business management, law, fiscal law, economy, financial management, pedagogy.
Source of financing and collection mechanism
Member companies (institutions that are party to the collective agreement) commit annually 1.5% of their payroll.
Eligible costs
Fees and other costs related to training (such as costs of materials)
Volumes of funding
Not available
Beneficiaries/take up
Number of beneficiaries (individuals):21 000 in 2019
Organisation responsible for monitoring/evaluation
Institut de formation bancaire Luxembourg (IFBL).
Most relevant webpage - in English
Not available
Most relevant webpage - local language
https://www.houseoftraining.lu/page/aboutus
Recent changes

In 2015 IFBL becomes part of the House of Training (https://www.houseoftraining.lu/page/aboutus). The House of Training was formally established in 2015, bringing together "two long standing training institutes renowned for their expertise and their vast offerings in the field of continuing vocational training in Luxembourg". These institutions were the Luxembourg School for Commerce (LSC) the training institute of the Chamber of Commerce, and the "Institut de Formation Bancaire, Luxembourg" (IFBL), the training institute of the Luxembourg Bankers Association (http://www.attf.lu/about_attf_who_are_we.php). Reinforce the training offer, pool resources.

Recent changes in response to COVID-19

No changes

Sources
https://www.lifelong-learning.lu/Formateur/house-of-training/en
https://www.houseoftraining.lu/page/aboutus
On this page:
  • Short description
  • Level of operation
  • Name of a part of the country
  • Name of the region (for regional instruments)
  • Name of the sector (for sectoral instruments)
  • Relevance
  • Legal basis
  • Objective(s) and target(s)
  • Year of implementation
  • Year of latest amendment
  • Operation/management
  • Eligible group(s)
  • Group(s) with preferential treatment
  • Education and training eligible
  • Source of financing and collection mechanism
  • Eligible costs
  • Volumes of funding
  • Beneficiaries/take up
  • Organisation responsible for monitoring/evaluation
  • Most relevant webpage - in English
  • Most relevant webpage - local language
  • Recent changes
  • Sources
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