View more on these topics

FSSC says its work saves public cash

The Financial Services Skills Council is lobbying the Government to show that its work saves public money by simplifying the qualifications’ system as it looks to dodge significant spending cuts.

This week, the Government set out £6bn worth of cuts, slashing £836m from the budget of the Department for Business, Innovation and Skills.

FSSC chief executive Liz Field says: “It is purely up to the BIS to decide how they are going to make their cuts, so we will wait and see what the implications of that are. From our viewpoint, sector skills councils can help to simplify the skills system and therefore reduce spend.

“With other sector skills councils, we are lobbying the Government on this point.”

Reports this week suggest that the Qualifications and Curriculum Development Agency may be scrapped as part of the Government’s drive to save £600m on quangos.

But Field says this will have no impact on the QCF level four qualification for advisers.

She says: “QCDA does not have anything to do with RDR qualifications. It is Ofqual that will approve qualifications.

“It is business as usual. Financial services is one of the top sectors that is seen as important for economic growth. Things look very positive from our view.”


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. It’s a quango do we really need this extra layer ?

Leave a comment


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