Yesterday's presentation of the new T&C regime by the Financial Services Skills Council (FSSC) did not go down well after several delegates questioned whether the proposals put forward in fact represented a step backwards compared with the existing regime.
Tom Caple, business development manager at the FSSC, said the council was at the point of handing over final drafts to the awards bodies concerned, and exams are based on the modular approach of the industry competency standards outlined at the FSSC’s presentation in September last year. However, representatives of Tax Briefs, AIFA and others attending the meeting said the proposals, outlined by Caple and FSSC managing director Teresa Sayers, were lacking in commitment to meet specific industry standards of T&C requirements or improve the skills and working abilities of advisers. That...
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