The Life Insurance Association has severely criticised the proposed modular examinations structure put forward by the Financial Services Skills Council, saying it will fail consumers because of "fundamental conceptual and technical problems"
These failures will lead to a situation where consumers are confused and their needs left unaddressed, says LIA head of public affairs John Ellis.
The criticisms are outlined in a letter sent by Ellis to Teresa Sayers, managing director FSSC.
Among the issues he highlights are:
Ellis says these issues must be addressed, starting with the need to properly identify job roles.
“Otherwise it will no longer be possible for a member of the public to see the extent to which a person performing a function on their behalf is qualified to the right level”IFAonline
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