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FSSC launches training accreditation schemes for financial services

The Financial Services Skills Council (FSSC) has launched two new training accreditation schemes.

Accreditation of Training Excellence for Firms and Accreditation of Training Excellence for Training Providers are the first two in what will ultimately be a series of five FSSC accreditation schemes.

Companies which can demonstrate that they meet the required industry standard will earn Financial Services Skills Council Accreditation and will be listed as an accredited organisation by the FSSC.

The schemes are designed to demonstrate that investment in training produces a solid business outcome. Firms and providers that apply for accreditation undertake a self-audit to gather evidence, followed by an external audit.

The external audit is conducted by independent auditors appointed by the FSSC. Successful applicants receive an Accreditation Award lasting three years, after which the organisation will need to be re-licensed. Accredited organisations will be listed on the FSSC website and will be able to use an FSSC Accreditation logo on company materials.

FSSC Chief Executive Teresa Sayers said: "The industry spends around £30m every year on training. Employers want to be sure that their training spend has a positive impact on their productivity. Accreditation is a significant indicator of progress towards improved productivity. The schemes will also help consumers, since the accreditation logos are a useful indicator of organisations which take their training seriously."

In addition to firms and providers, the FSSC plans to launch the remaining three schemes by the following dates: Recognition of Outstanding Trainers (July 2005); Learning Solutions (by December 2005); In-house Exams (early 2006).

External link

Full details of all the schemes and registration for accreditation of firms and training providers are available at www.fssc.org.uk

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