IFP: Standards need 'one master'

The chief executive of the Institute of Financial Planning (IFP) says the two quangos must decide on the scope of their individual roles, after an FSA consultation paper published today failed to clarify which body will in future be responsible for reviewing exam standards. In its CP10/12 Competence and ethics paper the FSA states: "Currently, the FSSC updates the standards on our behalf and neither FSA nor FSSC have reached a view on whether this arrangement should continue." Cann says: "Between the FSA and the Skills Council it needs to be sorted out who is doing what and why. "...