FSSC to use sector-specific boards to get fit for purpose

Laura Miller
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The Financial Services and Skills Council (FSSC) is undergoing structural change to include specialist sector boards, says interim chief executive Liz Field.

A new governance structure to address the diversity in the industry is needed to make the Council relevant to the sector it seeks to serve, she says. "Banks are very different organisations to fund managers," Field says. "We need greater expertise in banking, insurance, and investment management. We do not have a total skill set at the moment." In March the FSSC will find out whether its licence to operate will be reinstated, after the Government revoked it last October. Field blames past failings on an incomplete skill set and "combative culture" among staff, coupled with trying t...

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