Demand for more highly qualified finaical service practitioners will increase over coming years, according to the results of an industry survey conducted on behalf of the CII.
The survey, which measured responses from 141 companies representing more than 141,000 employees, suggests most feel standards must improve.
About 90% of respondents said being without any qualification at all would not be possible for staff within five years, while almost as many, 87%, said top-up exams would be needed.
Some 93% feel demand for qualifications will rise over that time period.
Yet, exams to test qualification skills were not the only route to improving the industry's standing, the CII has found.
Nearly all, 96%, of respondents say ways of maintaining ongoing competence will be just as important as sitting exams.IFAonline
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