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Professional bodies pledge to support social mobility with apprentice standards

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Professional bodies pledge to support social mobility with apprentice standards

Six leading professional bodies have joined forces to support a new apprenticeship standard it is hoped will make the path into advice much easier for many young people.

The bodies involved are the London Institute of Banking & Finance, the Chartered Banker Institute, the Chartered Institute for Securities & Investment, the CFA UK, the Chartered Institute of Credit Management and the Pensions Management Institute. They are working together and with employers to promote The Financial Services Professional Apprenticeship and support its delivery.

The qualification is a degree-level, higher apprenticeship. It covers skills including retail, commercial and investment banking, operations and workplace pensions. It can also be used for existing members of staff looking to advance their careers.

The Apprenticeship Standard is expected to be approved by the Department for Education in the coming weeks and will soon be offered by select employers.

Richard Bennett, Chartered Institute of Security & Investment regional director, said: ‘This Financial Services Professional Apprenticeship will make a career in our sector more accessible to a diverse pool of talent and help to promote social mobility.’

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