CII to help skills council shape insurance policy

4 November 2010 | By Natalie Holt

The Chartered Insurance Institute and the Financial Services Skills Council have signed a memorandum of understanding which enables life and pension providers to contribute to the FSSC’s position on insurance.

The CII says the objective of the move is to provide the skills council with input from providers on the skills required from people working in the sector.

The FSSC uses panels to represent the different sectors of the financial services industry, including investment management and pensions, banks and building societies, financial planning, accountancy and finance and insurance.

Following the agreement, CII board member Peter Hubbard will represent insurance on the FSSC board.

CII chief executive Dr Sandy Scott says: “This agreement presents the CII faculties with an excellent opportunity to inc-rease their influence and to help support and shape future FSSC insurance-related policy. The FSSC acts as a conduit between the industry, the Government and education on skills-related issues and against the background of an increasingly challenging marketplace, such a partnership represents a tremendous opportunity for providers to make themselves heard.”

FSSC chief executive Liz Field says: “We welcome the opportunity to work more closely with the CII and their faculty boards. Partnership and collaboration is vital to ensuring the industry attracts, retains and accelerates the development of talent.

“Such a collaborative app-roach has benefits for both parties and should ensure the profession can develop the skills needed to maintain its position as one of the world’s most respected financial markets.”

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