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News Press Release For Immediate Release:
FT KNOWLEDGE AWARDED ACCREDITATION OF TRAINING EXCELLENCE London, UK, May 2005 – FT Knowledge has been awarded Accreditation of Training Excellence for Training Providers from The Financial Services Skills Council (FSSC). FT Knowledge was one of only two organizations to take part in the pilot process of the FSSC’s new suite of schemes designed to confirm that businesses and training providers have achieved excellence in training. Accreditation of Training Excellence for Training Providers is the first of 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 organization by the FSSC. FT Knowledge provides integrated training solutions to meet clients’ needs across all modes of delivery, from public courses, customised in-house training, to online learning. Part of Pearson plc, FT Knowledge draws upon the intellectual capital and resources of its sister companies, which include the Financial Times, The Economist, and Pearson Education. “We’re delighted to receive this award as it recognizes the quality of work done on the projects we deliver for our clients,” said Mark Malcomson, President of FT Knowledge. “The fact that the accreditation specifically covers effectiveness and impact on productivity is especially heartening, as they are measures of concern to every company.” The new FSSC schemes are designed to demonstrate that investment in training produces a solid business outcome. Firms interested in applying undertake a self-audit followed by an external audit conducted by independent auditors appointed by the FSSC. Successful applicants receive an Accreditation Award lasting three years, are able to use an FSSC Accreditation logo on company materials, and will be listed on the FSSC website. After three years, the companies need to be re-licensed. “Employers want to be sure that their training spend has a positive impact on their productivity,” said FSSC Chief Executive Teresa Sayers. “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 organizations which take their training seriously.” FSSC Chief Executive Teresa Sayers said: “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.” More information about accreditation is available at: www.fssc.org.uk. About FSSC: The Financial Services Skills Council (FSSC) is an independent, employer-led organisation, established in 2004 to provide strategic leadership for education, training and skills development for the financial services industry across the UK. It aims to improve productivity and business performance by ensuring that the industry is equipped with the range and level of skills that it needs. The financial services sector is central to the UK economy, generating over 5% of UK GDP and with a turnover of more than £46bn a year. It employs more than a million people in more than 35,000 companies, and affects every single person in the UK. The FSSC sets performance standards for the entire sector, including banking, building societies, insurance companies and brokers, independent financial advisers, investment administration and pensions. Accreditation award logos, full details of all the schemes and registration for accreditation of firms and training providers are available at www.fssc.org.uk About FT Knowledge: FT Knowledge is the professional education division of Pearson , the world’s leading education and information company. As part of the Pearson family they have unrivalled access to vast global information and technology resources, including Pearson Education , the global leader in integrated education publishing, which provides a comprehensive range of educational programs, assessment tools and enterprise software; and The Financial Times Group, one of the world’s leading business information companies, known as the most international source for business news and analysis. For more information, visit www.ftknowledge.com
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