Aviva is reporting a record number of applications for its undergraduate adviser initiative.
More than 80 students have applied to be part of the Aviva Future Adviser Programme, a competition run across six universities – Glasgow Caledonian, Leeds Metropolitan, Manchester Metropolitan, Sheffield Hallam, Southampton University and University of East Anglia.
Only 35 students will be inv-ited to an assessment centre which will be held in York this month. Ten successful undergraduates will be awarded a six-week internship with Aviva and adviser firms. Director of intermediary Simon Badley says: “Many of the undergraduates we speak to have not considered a career in financial advice but once they understand what an interest- ing and fulfilling job it can be, they become very interested.”
Paladin Financial Services managing director Tim Pur- don says: “It is definitely a worthwhile scheme. There is going to be a lack of independent financial advisers and we really need to start doing something about that now. Sole traders are not going to be able to offer the right kind of training so big companies such as Aviva will have to take that role on.”
The programme is now in its third year and is supported by the Institute of Financial Planning, the Chartered Insurance Institute, the Financial Skills Partnership, Sesame Bankhall, Tenet, threesixty Services, LEBC and Honister Capital.