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FSSC diploma offering first steps to an IFA apprenticeship

The Financial Services Skills Council believes that the new diploma in business, administration and finance is an ideal qualification for students who want to go on to take an IFA apprenticeship.

The diploma was set up this month and has been developed by the FSSC in conjunction with the Council for Administration for students aged 14-19.

It combines academic and practical teaching methods and includes a 10-day work experience placement. Students will develop IT, English and maths skills as well as softer skills such as sales, negotiation, time management and service which the FSSC says is ideal preparation for a stud- ent wanting to later undertake an apprenticeship in advising on financial products.

FSSC 14-19 manager Stephen Crane says: “The diploma will give somebody who wants to study to be an IFA a competitive advantage over GCSEs as it will offer softer skills such as sales and negotiation as real work experience.”

Minister for 14-19 reform Iain Wright says: “Diplomas allow young people to apply their knowledge in practical, work-based and real-world situations, which many students find engaging and relevant to their future.

“Whether pupils are thinking about university or employment once they have finished their course, the diploma offers them a fantastic opportunity to develop the crucial skills and confidence that will lead to success.”


Loss of James Hay contract contributed to GBST loss

GBST Wealth Management, formerly Infocomp, has said the cancellation of the James Hay contract in December 2008 contributed to its 44 per cent drop in earnings before interest, taxes, depreciation, and amortisation during the 2009 financial year.

Pressure points

Rising cost pressures on product providers from a number of different areas higher fund charges across the board. Margin pressures are hardly a new issue for fund groups but it is rare for providers to contend with so many issues in combination.

For better or worse

It was with sadness and incredulity that I sat down on a summer’s morning to begin reading the latest FSA update, annual report 2008/09. My heart sank as 124 pages downloaded before my eyes.

Singapore cover image - thumbnail

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