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PFS to review apprenticeship standards 

The Personal Finance Society and parent body the Chartered Insurance Institute are asking Financial Planners and Paraplanners to help review apprenticeship standards.

They are working with the Institute for Apprenticeships and Technical Education (IfATE) to find new members for a “trailblazer” group that will review the Financial Adviser and Paraplanner apprenticeship standards to ensure they are “fit for purpose.”

They want participants who are experts in financial advice and able to review the current apprenticeship standards to consider whether the “knowledge, skills and methods of assessment” currently used need to change. 

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Members of the group will need to attend quarterly two-hour-long meetings until the completion of the review and revision process. 

If the review determines revisions are necessary, a working sub-group consisting of five people will be created. The sub-group would need to meet monthly for two-hour-long meetings for a minimum of six months.

Manuel Thompson-Oloko, the CII’s early careers manager, said: “Professional development and supporting access to careers in the personal finance profession is at the heart of what we do at the Chartered Insurance Institute. 

“Apprenticeship standards in England encompass an established set of knowledge, skills and behaviours that have been identified by employers within the profession as being essential. To ensure these standards remain modern, relevant and inclusive, we are proud to work with the Institute for Apprenticeships and Technical Education to establish a trailblazer group. 

“It is important to review these standards to ensure the profession’s apprenticeships remain of the highest quality, meet the needs of employers and equip apprentices with the skills needed to assist clients with money matters.”

Anyone interested in joining the group should email: [email protected].

For more information about trailblazer groups visit: www.instituteforapprenticeships.org/developing-new-apprenticeships/trailblazer-group/

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