Professionals 'will cope with FSA training changes'
16 June 2010 at 16:36
The Financial Services Authority's (FSA's) plans to change its training and qualifications regulations should not affect the industry much, an expert has claimed.
In a new consultation, which is set to run until September 6th, the organisation has suggested that those studying for qualifications should have just 30 months to complete their work.
Brendan O'Neill, director of Beacon Financial Training, told the company's website that such a timescale should not be a major problem to professionals, even those studying while working full time.
He added: "With the right training methods and a course that encourages understanding rather than memorising, these changes should not cause any undue pressure within the industry."
The decision to review long-term qualifications and training schemes was also recently welcomed by equity release organisation Ship.
Andrea Rozario, director general of the organisation, said the move would ensure all professionals working in the sector are meeting FSA training compliance.
Posted by Tony Miller