The Financial Services Skills Council is launching a consultation to gauge the level of industry interest for an 'endorsement of training and competence' scheme.
It follows the Financial Services Authority's (FSA) consultation paper on the T&C sourcebook last month, in which the regulator suggested the quality of advice delivered to retail consumers is not good enough to warrant removing all prescriptive rules of the T&C regime. The FSSC is considering an endorsement of T&C schemes as a potential FSA-recognised industry solution to meet the principles-based approach to regulation. It says the scheme could be combined with a new FSSC endorsement of in-house exams and relevant qualifications from its appropriate exams list. If the proposed sch...
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