FSSC to overhaul retail financial providers' education

According to the FSSC, new standards will cover banking, building society operations, general insurance, insurance broking and investment administration to clarify competences relevant to different professions, as well as simplify the existing system, given reform of the regulatory system over recent years. In particular, the FSSC intends to try and do what has been attempted with the financial intermediary sector integrate standards under a single framework. Differing standards will be categorised into “clusters” where there is a common function such as sales, says the FSSC, while un...