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: a temptation for authorised firms to seek out the “easier option” if given the choice of deciding which exams best suit them a failure of the modular approach to identify the precise job roles the examinations should be testing for, a failure to create modules that enable individuals to study for exams r...
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