Skills Council to overhaul competency standards

The Financial Services Skills Council (FSSC) is launching two major reviews of its Professional Competencies standards for compliance and anti-money laundering and pension scheme administration.

The competencies, known as National Occupational Standards (NOS), are used as benchmarks for the Appropriate Exam Standards used by awarding bodies to set exams and measure CPD.

They are also the foundation of the FSA's own performance requirements.

Industry practitioners are being invited to help inform changes by signing up for one of a series of project working groups to be held by the FSSC next month.

A wider electronic consultation will take place next spring.

Peter Redfern, FSSC qualifications manager, says: "We are looking for people who do this on a day-to-day basis to help us fill the gaps and update the industry-wide standards."