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Exam answer is needed

The LIA is correct to raise concerns that the Skills Council&#39s plans for a move from approved to appropriate examinations will lead to a patchwork of standards across different firms.

In reality, different standards probably already exist. But the LIA is concerned that a regime of qualifications that puts the onus on firms concerned to come up with a standard of training appropriate for the advice being given will be a step too far in terms of devolving responsibility for qualifications.

While many of the ideas put forward by Professor David Jackman are to be welcomed, John Ellis&#39 questions about how the new framework will pave the way for advice standards to be raised across the board nationally is one that still requires an answer.

The skills council should answer it as swiftly as it can.


Correspondent&#39s week

A memory man, a life skills coach, a motivational speaker and the president of the LIA on a trip to India was always going to be interesting.Flight BA139 touches down at Mumbai airport just after midnight and we are met by our hosts, the organisers of the 16th Life Insurance Round Table Convention for the […]

Public don&#39t know the true costs of private operations

Legal & General says more than two-thirds of people intend to pay for private healthcare directly rather than through an insurance policy but underestimate how much it will cost.Consumer research from L&G shows that 70 per cent of people intend to pay for private healthcare on demand rather than through a PMI policy.But the survey […]

Lloyds TSB response to FSA

In response to the £1.9m fine Lloyds TSB group has issued a statement saying it has taken measures to tackle the problem. It added: &#34We recognise that while the product (Extra Income Growth Plan) was appropriate for some investors it did not provide staff with sufficiently in depth training on how much of a customer&#39s […]

Horlick set for move

Nicola Horlick, the high-profile former chief executive of SG Asset Management, is believed to be leaving to run a fund management business in Hong Kong for Australian insurer AMP.Horlick, who announced in July she was stepping down as chief executive to become a special adviser to SGAM Group president Philippe Collas, is thought to be […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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