The Financial Services Skills Council (FSSC) is seeking the views of the industry on its new foundation degree framework for financial services.
The draft framework has been developed by the FSSC working with industry representatives from banking, insurance, financial advice and investment, as well as further education colleges, universities and training providers.
It is designed to provide a coherent blueprint for the development and delivery of relevant foundation degrees for financial services, which combine academic study with work-based learning and experience.
The blueprint, which is based on employer requirements in terms of knowledge and skills across the industry, will guide providers in developing foundation degrees appropriate to employers’ needs.
FSSC research in 2004/05 revealed while awareness of foundation degrees was low, once employers understood more about them there was an appetite for such a qualification.
Lucy Courtenay, FSSC standards and accreditation director, says: “Employer reactions were encouraging and there was enthusiasm for using foundation degrees to help develop staff into more senior managerial roles. One of the biggest attractions is the flexible way they can be delivered, which minimises disruption and down time. Employers also value the potential for customisation by using the research project component to deliver specific business and service improvements.”
The framework consultation period will last until 7 July 2006 and the FSSC is inviting views by email, telephone and face-to-face interview, or through attendance at round table discussion meetings.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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