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Apprentice numbers hit record levels

The number of apprentices working in insurance and financial services increased by 30 per cent in 2012.

By the end of December 2012, the Chartered Insurance Institute reports that the number of apprentices study for its qualifications had exceeded 1,000 for the first time.

CII relationship manager Casper Bartington said: “Crossing the 1,000 mark for new starters is a milestone for the sector and though the majority of recent apprentices are working in SME insurance businesses, we are beginning to see some well-known names offering technical apprenticeships for the first time.

“This bodes well for the influx of the right talent into the profession and shows that sector businesses are retaining a presence in the job market and are not missing out on bright school leavers.”

SMEs currently get £1,500 as an incentive to take on an apprentice but the CII reports that they are also seeing a number of larger firms, such as Aon and Ageas, offering apprenticeships.


Budget 13: Extra £225m committed to building affordable homes

Chancellor George Osborne says the Government will commit a further £225m for the construction of 15,000 affordable homes in England by 2015. The Budget pledge effectively doubles the size of the existing affordable homes guarantee programme. Homes and Communities Agency statistics released in June showed a 68 per cent fall in the number of affordable […]

Advisers back Wheatley over wealth manager concerns

Investment advisers say Financial Conduct Authority chief executive designate Martin Wheatley is right to be concerned that wealth managers are falling short on customer service but believe firms have made strides in assessing suitability. Speaking at a Chartered Institute for Securities and Investment event last week, Wheatley said one of the regulator’s major concerns was […]

Govt to close salary sacrifice pension loophole

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Advisers welcome plans to transfer CTFs to Junior Isas

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Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


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