The Pink Network is to run a graduate training scheme to bring new talent into the financial services industry, with the first selection day to take place on 4 October.
Since August Pink has been using the LSL recruitment team to attract graduates to the scheme and so far the network has been ‘inundated’ with applicants.
The graduates will receive training from Pink in the selling of life and protection to help mortgage firms who are currently focused in other areas, before being placed within network firms where they will be supervise by Pink representatives for the initial three months.
The scheme is based on the Aviva Academy that Pink has run in partnership with Aviva in the last year for brokers who wish to grow their protection sales.
Initially the scheme will take on six graduates before growing to meet demand from adviser firms for life and protection sales business. All successful participants will, at a later stage, be required to undertake the CeMap qualification.
Pink business development director Jeff Woods says: “Financial services is an aging industry with the average age of advisers in most firms across the industry at about 50. At Pink we think it is essential to bring in some new blood; we also think it is vital to increase the number of people who are trained to sell protection at a time when government benefits are lower than ever but protection sales are falling.
“Pink’s graduate training scheme will bring young graduates into the industry, provide them with great training, both in the classroom and in the field and will do its part both to help our network firms and to reduce the protection gap.”