In 1986 The Insolvency Act heralded an era of professionalism in the insolvency industry by requiring all holders of insolvency offices to hold a license. Such a license could be withdrawn (but few have been) for breaches of regulations and guidelines and following receipt and investigation of complaints by disgruntled creditors and others.
So, on 31 December 1986, when the Act came into force, there was a risk that there would be a shortage of Insolvency Practitioners.
As Regulatory Bodies, such as the Insolvency Practitioners Association, moved towards setting up career paths in insolvency, insolvency examinations and qualifications - a feat that would take years to manage and even longer to graduate its first qualified license holders - a stop-gap needed to be found.
The solution? Grandfathering.
Grandfathering is a UK legal concept based on the concept of legislation NOT being retrospective - whereby those who had acted as Liquidators, Receivers and Trustees in Bankruptcy in the past (and who were not obvious "cowboys") could receive a license on application.
The result - a smooth transition.
Jo Johnson's Teaching Excellence Framework highlights University academics and their qualifications. Many, in the past 20 years, since the inception of the Higher Education Academy and its forerunners , have gained "teaching" qualifications. However, many older and senior academics who already held tenure or at least jobs before the notion of qualifications arose have not. Amongst them, brilliant teachers, enthusiastic and expertly informed communicators, leaders in their fields. Are they to be less valued under the new TEF regime?
The solution? Grandfathering.
No comments:
Post a Comment