Barclays opens up apprenticeships to the over-50s

Barclays is launching an apprenticeship scheme for people aged over 50, which will be advertised in summer, and piloted later this year.

The move comes after the government’s older workers champion, Dr Ros Altmann, warned more should be done to train and keep older workers.

Barclays is still considering whether its older apprentices will earn more than the standard rate paid to younger trainees, of about £9.15 an hour in London and £7.85 elsewhere.

Head of apprenticeships at Barclays, Mike Thompson, said: “There is no ceiling on high anybody can go. Older people have more life experience, and can show more empathy. They will have had a mortgage, they will know how to budget and how to support customers.”