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Skills Council accused of lacking direction

Industry trade bodies branded the Financial Services Skills Council an ineffectual organisation lacking direction at the Money Marketing Live event last week.

Member of the Training Debate panel LIA head of public affairs John Ellis raised concerns that the council has floundered since the departure of chief executive David Jackman last December.

He thinks the loss of Jackman, the driving force behind the exam review agenda, has stalled the entire exam programme and is calling for further support from the FSA.

The council will publish a feedback paper on the exam review later this month.

But Sofa managing director Bob Bullivant echoed Ellis&#39s concern that the council&#39s initiatives seemed to have “ground to a halt”.

Bullivant favours the introduction of a modular exam system that would allow advisers to specialise in specific areas such as inheritance tax or pension planning.

Ellis says: “We need to get to a position where advisers are professionally recognised. The thing that has defeated us so far is regulation placing all the emphasis on the firms to manage their own qualifications.”

A skills council representative was unable to attend the meeting.


ACA elects Adrian Waddingham as chairman

The Association of Consulting Actuaries has elected Adrian Waddingham as its new chairman. Waddingham, a founding partner of actuaries and consultants Barnett Waddingham, will take office from June 1st. He replaces Mercer HR Consulting worldwide partner Gordon Pollock, who had been in the position for two years. Waddingham is also vice chairman of the International […]

Casting off the stigma

The provisions of the Enter-prise Act 2002 and the amended insolvency rules dealing with personal insolvency came into effect on April 1. First, there has been a reduction in the bankruptcy period. Pre-April 1, once declared bankrupt, the period of bankruptcy generally lasted for three years. During this time, there are various restrictions on what […]

Sesame offers up to 20% PI cut for new members

Sesame is setting out its stall in a bid to attract new members, offering professional indemnity premium cuts of 20 per cent to firms joining its network as well as promising existing members substantial reductions in their PI costs. The mega-network says some members will see their PI premiums cut by up to 30 per […]

Absolute beginner

I am in the process of reaching a financial settlement as part of my divorce from my husband. He has accumulated benefits under personal pension plans and a company scheme. My solicitor has advised me that I can negotiate for part of the settlement to be made from benefits secured under one of the pensions. […]


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