A growing number of financial advisers believe the UK will suffer a skills shortgage within the next decade, according to a study by the Chartered Insurance Institute (CII).
The CII's Skills Report shows 54% of its Personal Finance Society (PFS) members think the country's current approach to skills development could affect the UK's international competitiveness by 2020. This compares to the 33% who thought the same when questioned last year, and the CII said this "may reflect the specific challenges faced by the advisory sector as a result of regulatory changes such as the Retail Distribution Review". Asked whether the UK education system was currently meeting the needs of the industry, only 34% of PFS members thought it was doing well, compared to 57% a...
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