CII signs partnership deal with FSSC
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The Chartered Insurance Institute and the Financial Services Skills Council have signed an agreement to allow life and pensions providers to contribute to FSSC insurance policy.
The FSSC uses panels to represent the individual sectors of the financial services industry so that each sector can outline the skills required for investment management and pensions, banks and building societies, financial planning, accountancy, and finance and insurance.
A memorandum of understanding has been signed by the CII and the FSSC, to give life and pensions providers input into FSSC insurance policy.
Following the agreement, member of the CII board 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 increase their influence and to help support and shape future FSSC insurance related policy.
“The FSSC acts as a conduit between the industry, 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 in Whitehall.”
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 approach has clear benefits for both parties and should ensure that 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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