View more on these topics

Employers facing skills shortage, says CII

Three quarters of employers say they are experiencing a shortage of technical skills, up 5 per cent on 2007, according to the Chartered Insurance Institute.

The CII’s second annual skills survey shows that 57 per cent of employers believe the education system is failing to meet the needs of the industry.

Only 3 per cent describe basic levels of education as “more than adequate”.

Employers also feel that 61 per cent of graduates struggle with basic skills like grammar and numeracy.

CII president Lord Hunt says cuts to training budgets in order to make a quick saving during economic instability will prove to be a false economy.

Lord Hunt says: “The UK financial services industry is world renowned for its commitment to improving the skill levels of its staff. Yet we cannot be complacent and must continue to commit time and resources to training and development if we are to remain competitive in the face of intense global competition.”

Recommended

The sum of our days

The proposals concerning nonUK domiciled and non-UK ordinarily resident individuals made in the pre-Budget report last October generated considerable antagonism, debate and publicity. All that response has had some impact on the Finance Bill provisions reflecting these changes.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com