Posted Mar 20, 2009
Dear Wizard Learner
Surely the FSA should have gone through a more thorough process of consultation before making their initial announcement last autumn to upgrade the minimum standards they are aiming at?
Instead, they are dragging their feet and appear to be providing no clear direction as to what it is they actually want! Even their offshoot, the Financial Services Skills Council seem frustrated with the lack of clear direction. Teresa Sayers at the FSSC is conscious of the urgency to finalise the new requirements so why not the FSA? How much more “consultation” are we going to suffer?
The various awarding bodies are coming up with their own ideas of what they believe to be RDR suitable, but we have experienced endless jockeying for position between them in the financial press in terms of who provides the most suitable product. Nice to see everyone within the industry working together!
Its seems that no one really knows what to do and that simply is as a result of a lack of transparent direction from the experts at Canary Wharf.
All we can all do is work on the basis of good practice within the industry and try to achieve the best results from the examinations and assessments that are currently available with the hope that the ivory towers will give them at least some recognition come D-Day in 2010.
Fortunately Wizard Learning is continuing to develop relevant assessments and learning material to both enable financial services professionals achieve the desired results with the current crop of financial planning exams and maintain and develop continued competence.
Our Training Testing and Competence (TT&C) package for example, gives advisers the opportunity to access the latest important developments in the industry and remain technically competent in the key areas of regulation, investments, protection and retirement planning all for a very affordable monthly fee of ony £15.
In addition, we are developing new innovative packages to suit all the main qualifications available as well improving our existing products. Watch out for some exciting offers in the coming months to keep YOU AHEAD of everyone else.