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Basic Skills

Volume 504: debated on Monday 18 January 2010

To ask the Minister of State, Department for Business, Innovation and Skills what modifications there have been to skills courses relating to financial services funded by his Department as a result of the economic situation. (304569)

Awarding organisations and sector skills councils work closely together to determine the content of vocational qualifications, and any modifications to them, based on agreed national occupational standards reflecting employers' views and labour market intelligence.

We are currently building more flexibility into the vocational qualifications system through the new Qualifications and Credit Framework, and through strengthening employers' say in what qualifications are developed, to ensure greater responsiveness to changes in employers' skills needs.

The Financial Services Skills Council is working on reforms to all vocational qualifications in its footprint so that they can be accredited to the Qualifications and Credit Framework. This includes developing new national occupational standards for financial advisers and using the expertise of established awarding organisations together with input from sector professional bodies to ensure that the skills needs of the financial industry are met.