Introduction to Pawnbroking: Oct 2026

For all those who are new to Pawnbroking and anyone looking to refresh their knowledge. The only course of its type tailored specifically for Pawnbrokers and exclusive to the National Pawnbrokers Association.

Who is it for?

For those new to Pawnbroking or needing to update their knowledge.

Course Objectives and Overview

By the end of the course, you will:

1. Understand the aims and objectives of Pawnbroking.
2. Be aware of the legal requirements, and FCA compliance standards.
3. Understand the content, options and importance of the pawn agreement.
4. Be aware of HMRC money laundering and ICO data protection compliance.
5. Be aware of safety and practised testing methods for precious metals.
6. Be aware of method and types of disposition.

Day One

• Attributes of a good Pawnbroker
• Legal requirements and compliance
• Early Settlement and part payment (applying the actuarial calculation)
• 14-day withdrawal
• Care of customers’ goods
• Security requirements and advice
• Dealing with lost agreements/pawn receipts
• Realisation of Pawn and settlement with the customer, in the event of default
• FCA authorisation application requirements for full permission

Day Two

• KOT method of testing
• Understanding precious metal alloys
• Using a 10x lens and guidance on visual inspection
• Hallmarks and convention marks
• Loan to market value ratio
• Correct order of testing for yellow and white metals
• Practical testing

The accreditation certificate is assessed by multiple-choice questions and practical acid testing. Hand-outs provided and required equipment provided for the training.

The Course Tutor

Ken Vaughan has spent over 40 years in the retail jewellery and pawnbroking industries responsible for management development and staff training. Having developed the award-winning NPA eLearning modules, his knowledge of the industry is extensive. He takes every opportunity to ensure the course is participative, enjoyable and above all meets your needs.

Attendance Certificate

The NPA will award a Certificate of Accreditation on successful completion of the course competency tests.

If you wish to book, please contact sonia.sahota:thenpa.com