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Article: Skills council backed over separate exams.(News)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- June 10, 2004
- Author:
CopyrightCOPYRIGHT 2004 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Financial Services Skills Council published its long-awaited exam review this week to unexpected approval from former critics of its proposals.
Its move to provide a separate savings and investment paper has been applauded by the industry, which is also welcoming the introduction of exams for long-term care and lifetime mortgages.
The skills council has also moved to close a loophole which could potentially have allowed big companies such as Legal & General and Norwich Union to run their own exams without accreditation, making it clear that any endorsement firms get from the skills council will be conditional on meeting appropriate exam standards.
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