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
Signup and gain exclusive members-only insights
- 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
