The PFS is introducing a new diversity and inclusion requirement for employers who use the Aspire apprenticeship scheme.
Since Aspire launched back in 2017 more than 500 registered firms have signed up to the programme, which offers structured training to apprentices so that they can achieve the necessary qualifications and skills required to become a fully qualified financial adviser or insurance professional.
More than 1,500 apprentices were enrolled in the insurance and personal finance professions in 2020, and the PFS has now teamed up with the Education Skills Funding Agency (ESFA) to further promote the benefit of Aspire.
To address the fact the FCA’s Gender diversity in UK financial services report published in November 2019 stated women only made up just around 17% of FCA-approved individuals, the PFS has pledged to make Aspire only available to employers who have a diversity and inclusion policy in place that includes a commitment to non-discriminatory hiring practices.
Manuel Thompson-Oloko, early careers manager at the CII, said: “Broadening access to opportunities for historically disadvantaged social groups is a priority not only for employers but for the whole of society.”
“For the profession to remain ahead of the curve, it must have access to a diverse range of skills and talents. Apprenticeships provide a very effective route to access new opportunities, whilst also providing tangible benefits to any business, from large corporations to SMEs.”
To find out more, visit: www.cii-aspireapprenticeships.co.uk