The diploma was set up this month and has been developed by the FSSC in conjunction with the Council for Administration for students aged 14-19.
It combines academic and practical teaching methods and includes a 10-day work experience placement. Students will develop IT, English and maths skills as well as softer skills such as sales, negotiation, time management and service which the FSSC says is ideal preparation for a stud- ent wanting to later undertake an apprenticeship in advising on financial products.
FSSC 14-19 manager Stephen Crane says: “The diploma will give somebody who wants to study to be an IFA a competitive advantage over GCSEs as it will offer softer skills such as sales and negotiation as real work experience.”
Minister for 14-19 reform Iain Wright says: “Diplomas allow young people to apply their knowledge in practical, work-based and real-world situations, which many students find engaging and relevant to their future.
“Whether pupils are thinking about university or employment once they have finished their course, the diploma offers them a fantastic opportunity to develop the crucial skills and confidence that will lead to success.”