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Skills Council consults on exam review

The Financial Services Skills Council is embarking on an industry-wide consultation for its examination review. Launching tomorrow, this will be the first time the exam review has gone out to an industry-wide consultation since the FSA handed over responsibility for completion of the exam review to the Skills Council.

The FSSC is seeking views from the financial services sector on how appropriate exams should be identified and on the final draft specification for appropriate exams for investment and mortgage advice.

The Skills Council will be collecting feedback up until 15 April and it will publish the requirements for investment and mortgage advice as well as the first version of the list of appropriate examinations.

FSSC director Teresa Sayers says: “Contributions and feedback from the industry are essential in enabling us to deliver an outcome that meets the needs of the industry and the consumer. We are keen that the industry embraces this new approach and is involved in the process of the exam review.”

Securities Institute director of qualifications, membership and professional development Ruth Martin says: “The Securities Institute welcomes the Skills Council&#39s willingness to consult the industry regarding the draft investment specifications. The original consultation process left firms unclear as to how the new arrangements would affect their training and this exercise by the Skills Council is to be commended as it will enable firms to understand how they will be affected by the new regime. We hope firms will take the time to read and comment on the proposals.”

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