The Financial Services Skills Council (FSSC) is often mistaken as an organisation purely focused on setting exams, but in reality its work extends much further to influencing the FSA and laying out detailed standards for IFAs.
Teresa Sayers, chief executive of the FSSC, points out there is “no organisation with such a broad remit” and describes the Skills Council’s overall responsibility as improving the skills and productivity of the financial services industry. Although the FSSC’s initial starting point is to work around formal qualifications as a way for advisers to show they are ‘fit for purpose’, Sayers says it has also done a lot of work on wholesale and retail standards. She states: “It is good to have industry standards for practitioners to benchmark themselves against. As the Financial Services Aut...
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