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Fears for FSSC as Jackman quits

Chief executive of the Fin-ancial Services Skills Council David Jackman is stepping down after just six months in the role, voicing concerns that it will become a money-making organisation Jackman, described by industry peers as a driving force behind the initiative, denies that his departure will affect the development of the FSSC adviser qualifications programme. His replacement will not be appointed until June 2004 although he is due to leave shortly, which he acknowledges will leave things “up in the air” for some time.

Jackman will remain an FSSC board director and special adviser but is moving on to lead a team setting up the London Financial Academy, a project with the London Metropolitan University, and establishing an Ethics Foundation.

The FSSC has recently received a barrage of criticism from trade bodies Sofa and the LIA, which have attacked its attempts to develop the examinations&#39 framework.

LIA head of public affairs John Ellis says: “Jackman&#39s move signals that they are in the process of a rethink. We have already waited three years for the FSA to complete its examinations review and this will be a further set-back, stalling the process.”

Jackman says: “My real interests are in strategy and policy and I think the FSSC is moving towards becoming more of a moneymaking organisation. I actually think this will be very difficult.

“It has been difficult to get companies interested and offer services that other providers are not already offering. I personally think that it is not the right direction needed.”


New chief exec Kneeshaw looks to grow ScotLife Intl

Royal London subsidiary Scottish Life International has appointed David Kneeshaw as chief executive. The move is part of a change of focus for the group, which is hoping to expand beyond its offshore business into new areas of the UK savings market. Kneeshaw will replace Mike Hicks, who is standing down from the role. Kneeshaw […]

Treasury delays stakeholder cap decision

The Treasury has delayed its decision on the proposed price cap for stakeholder products after FSA research has revealed that more work was needed on proposals for a simplified sales regime. The Government says it will not make a decision on the cap until next year to ensure that the sales regime and product design […]

Brown hits back at Tories plan to reinstate earnings link for pensions

Chancellor Gordon Brown has hit back at the Conservative Party&#39s proposal to re-establish the link between increases in state pensions and rises in earnings. In his pre-budget report to the House of Commons Brown said the Tory policy would raise a deficit on public finances of 3 per cent a year and would undermine the […]

Industry hits a bum note

The Diary would like to know what has come over the industry lately. Why the sudden obsession with baring flesh? Christmas spirit can go one step too far and the Diary is a little concerned at the bare-faced cheek of Clerical Medical and Bright Grey, whose respective revealing calendars have recently been doing the rounds. […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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