The Personal Finance Society has launched a new financial adviser development programme, offering wide-ranging support to employers of aspiring financial advisers.
Comprising a combination of apprenticeship funding and Personal Finance Society sponsorship, Aspire will involve a structured training programme lasting 18 months, during which participants will achieve the necessary qualifications and skills required to become a fully qualified financial adviser.
PFS chief executive Keith Richards 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."
Aspire's launch follows the development of the new Financial Adviser apprenticeship standard, which was sponsored by the Personal Finance Society and approved by the Department for Education in November.