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FSA&#39s exam review is put on hold over Skills Council list

The exam review has suffered yet another setback, with the FSA telling the industry that it is putting its development on hold until the Skills Council comes up with a list of acceptable exams for IFAs to select from.

The FSA is still bent on moving from an “approved” exam regime to an “appropriate” regime, with companies responsible for deciding which qualifications are necessary for their staff but this move has been delayed.

At a private meeting in December, manager for industry training Sarah Thwaites told industry leaders that the FSA will not activate its proposed changes to exams until it is confident that the Skills Council has come up with an adequate specification for exams.

It is believed that the further delay on the part of the Skills Council stems from the decision in December by director David Jackman, the driving force behind the agenda, to leave the Skills Council.

LIA head of public affairs John Ellis says the industry can expect a cascade of failing deadlines over the next year.

He says despite three years of work on revising the training & competence regime, there are still no firm details available as to what the new format will be.

FSA spokeswoman Kate Bristowe says: “We are in full support of the Skills Council and are assuming we will move ahead as soon as it is ready.”

Ellis says: “This is a mess against the background of Jackman leaving. The Skills Council is still bogged down in discussions of syllabus and nowhere near a definite list of exams.”

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