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Advanced apprenticeship scheme awaits approval

An apprenticeship scheme for trainee financial advisers, designed by the Financial Services Skills Council, is in the process of being approved by the Apprenticeship Approval Group.

The Advanced Apprenticeship in Advising on Financial Products, targeted at 16 to 25 year-olds, will train IFAs and anyone offering financial advice to consumers from bank call centre staff to insurance company employees.

The apprenticeship framework includes the appropriate Financial Services Authority exam such as the Certificate in Mortgage Advice and Practice, literacy and numeracy units and a level three award in competency in offering advice to customers.

If firms meet external quality assurance standards they will be able to assess staff themselves or buy in assessors from specialist training providers.

If the apprenticeship is approved by the Skills Business Network it may be eligible for full government funding.

A spokeswoman for Nationwide, which was involved in a pilot for the apprenticeship, says: “We would definitely consider adopting this permanently if approved.”


UCB links up with environmental charities

UCB Home Loans has linked up with two charities which focus on issues related to global warming.The move forms part of the lenders programme of green initiatives, which includes the production of publications, consumer and industry awareness projects, an internal carbon-saving programme, and future product development opportunities.The two charities it is linking with are EarthFireIce, […]

CML gives its backing to TCF lender website

The Council of Mortgage Lenders has thrown its weight behind The TCF Lender Forum website in a bid to get the industry to embrace the Treating Customers Fairly initiative before next Saturday’s deadline.

Many brokers treat staff unfairly

One in 10 employees in the field of financial intermediation are victims of unfair treatment in the workplace.

Low rate fixed for one year

Catholic has released a one-year fixed product for new purchases and remortgages. The Issue 1 mortgage has a rate of 2.9% for the first year with a discount off the SVR of 0.75% in years two and three. The deal includes free valuations and free legals for remortgages.


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