The Financial Services Skills Council will publish its list of ‘appropriate' examinations from next week detailing which new entrants into the financial services industry can then take.
A statement by the FSSC this morning revealed the list of ‘appropriate exams’ will be published on the website on Monday 10th May, which meets the FSSC’s required content for reforms to the financial advice and planning education system.
At present, the FSSC list of appropriate examinations contains most of the existing examinations –- including FP1 - offered by the Chartered Insurance Institute.
Advisers holding existing qualifications will not be required to take any additional exams once the list is published - at this stage - unless the intermediary has plans to increase their business options into new areas.
Further information from the FSSC suggests "constructive feedback" on the Examination Review will also be published later this month.
The Financial Services Authority first launched a review of the examination regime in November 2001 which was designed to consider any number of new ideas for reform, before handing responsibility for the review and ‘approving’ the use of exams by the Financial Services Skills Council.Tom Caple, head of sector engagement at the Skills Council, says comments show there is a strong support within the industry for our proposals “as a whole”.IFAonline
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