PFS 'confident apprenticeships will resume in due course'

PFS hopes to resolve issues

Tom Ellis
clock • 1 min read

The Personal Finance Society (PFS) is hoping to resolve funding issues with the government "in due course", which have seen its flagship apprenticeship scheme Aspire off to a staggered start.

Only 52 apprentices were able to begin their programme on time in London and Birmingham while 36 apprentices in the Bristol and Manchester cohorts were unable to start their courses because of funding issues. It is not clear why these regions in particular were unable to access proper funding.  The problem was caused by the government offering funding allocations to training providers that turned out to be much lower than the training providers anticipated, the PFS said. The funding issues were compounded by the snap general election, which saw the PFS and training providers unable to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Technology helping firms avoid disparate client outcomes

Technology helping firms avoid disparate client outcomes

Tech allows firms to demonstrate they are complying with Consumer Duty

Sahar Nazir
clock 22 May 2024 • 1 min read
Nucleus receives FCA green light for Third Financial acquisition

Nucleus receives FCA green light for Third Financial acquisition

First revealed in February this year as the platform looks to build scale

Sahar Nazir
clock 22 May 2024 • 1 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 22 May 2024 • 1 min read