The Personal Finance Society (PFS) has teamed up with education company Pearson to help encourage the next generation into a career in financial advice.
Pearson's BTEC qualification in business is now recognised by the Chartered Insurance Institute (CII) as a level three qualification that can act as a bridge to the PFS's qualifications, such as CF1.
The recognition means 15,000 students studying the BTEC will learn how they could go on to study to enter the personal finance profession.
In the next academic year the PFS and Pearson will run a scheme pilot in which they will target five colleges with around 400 students with information on how they can take their BTEC qualification, complete other CII examinations, and get a job in the personal finance sector.
Once the first pilot is completed, the PFS and Pearson intend to roll out a "career map" into financial advice to all colleges that offer the BTEC qualification in business.
PFS CEO Keith Richards said: "Over the last few years there has been a growing need and demand for new entrants to the financial advice profession to meet consumer demand as well as succession planning for retiring advisers. This is a great way to attract students to a profession where you can develop a rewarding career and have a positive impact on people's lives."
Pearson BTEC business, enterprise and law manager Laura Hall added: "Developing skills and employability are at the forefront of everything Pearson does. We are pleased to team up with the CII and PFS to deliver career maps and details of how to progress to apprenticeships in the financial planning profession.
"We will explain how you can climb to the top of the financial advice profession without necessarily going down the traditional higher education route."
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