The Personal Finance Society (PFS) has launched an adviser development programme, which will offer support to employers of aspiring financial advisers.
The Aspire programme will help employers put advisers-to-be through an 18-month structured training programme to give them the skills to take all six R01-06 diploma exams and help them become fully qualified financial advisers.
Employers will need to contribute £900 for any staff aged 19 or older, but no contribution will be necessary for firms with fewer than 50 employees where the starting age is younger than 19 years old.
There is also a £1000 incentive for any size business enrolling an employee under the age of 19 into the Aspire programme.
The programme is currently only available to England-based employees. The PFS said it is seeking policy clarification for apprenticeship funding in the UK's devolved regions.
PFS chief executive Keith Richards (pictured) said: "We know there is an appetite from within the profession to employ apprentices, graduates and second career candidates seeking an opportunity to develop a career in professional financial advice, and Aspire removes many of the barriers facing employers that seek to develop this talent."
He added: "We are committed to driving new initiatives that address the very real and ongoing risk of future skills shortages and evident need for succession planning."
The launch follows the new financial adviser apprenticeship, which was approved by the Department for Education last November and is sponsored by the PFS.
The programme is available to any employee who works at least 30 hours per week. Participants will be able to attend regional exam revision sessions, as well as soft skills workshops delivered by an external accredited trainer, FWD Training & Consultancy.
For more details and information visit www.fwdtraining.com/pfs.
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