The response dealt positively with many of AMI’s main concerns including examination structure and the inclusion of case studies in course work. The response also recommended external verification for modular in-house qualifications which can be designed by individual firms.
When the consultation was announced AMI argued that in-house qualifications could dilute the national standard created by the introduction of CeMAP.
“We believe the cost and the time-consuming nature of seeking external verification will mean that the majority of firms will prefer to use a standard national qualification,” said Chris Cummings, director of AMI.
AMI also applauded the FSSC for abandoning ‘tick-box’ examinations, saying this would give intermediaries a boost in their drive towards professional status. ‘The public must have confidence in the way exams are conducted otherwise there is no point in having them,” said Cummings.
However AMI believed that clarification was still required from the FSSC concerning on-going competence and methods of assessment for the FSA to monitor from 31 October.
Teresa Sayers, CEO of the FSSC, said: “Through this consultation we have demonstrated our commitment to a transparent process of working in partnership with the industry.”
