The FSA should give more emphasis to ongoing skill development and CPD when it assesses if firms are meeting Training & Competence requirements, advisers urge.
Research commissioned by the regulator also found firms would welcome greater detail on how the T&C regime could be met but would not want a return to the previous prescriptive approach. They call on the FSA to give greater weight to the application of skills and Continuing Professional Development (CPD) rather than just focusing on qualifications. However, the regulator defended its approach saying the perception it does not pay enough attention to 'soft skills' within the TC requirements is incorrect. "Our competence regime focuses on skills, knowledge and expertise. However, we ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes