New adviser standard launched

A new apprenticeship standard is about to be launched to help budding financial advisers make their way in the profession. According to reports, the new apprenticeship is designed to last around 24-30 months and is focused on delivering for learners with no previous experience in the industry. Alternatively, it can also be offered as a progression opportunity for those in roles such as financial services administrator, mortgage adviser or paraplanner.

Personal Finance Society chief executive Keith Richards said the apprenticeship offered a much-needed alternative route for advisers to enter the profession.

 

“A fantastic opportunity’

“We have long discussed the issues relating to developing new talent in our sector and apprenticeships provide a fantastic opportunity to overcome some of these barriers for financial planning firms,” said Richards.

“Government funding is available to support employers taking on apprentices, where funds are used to support external training and assessment costs including exams and study support,” he added. Small firms with less than 50 employees can also qualify for additional incentives.