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Positive Solutions to pay advisers’ Diploma costs

Positive Solutions has pledged to foot the bill for its advisers to reach the Chartered Insurance Institute’s Diploma level.

At the launch of its learning academy today the firm revealed it would be investing £5m over the next three years covering the costs of advisers’ exams, course guides and additional support materials.

Part of Positive Solutions’ investment will also include an apprenticeship scheme open to 20 applicants this year with the hope of recruiting up to 500 apprentices by 2010.

It will also be funding advisers who have already signed up to sit the CII exam and give the equivalent funding to any adviser who currently has the Diploma but wants to reach Chartered status.

The learning academy provides an online support hub to help advisers improve their professional qualifications and the profitability of their businesses.

Chief executive Jim Reeve says: “This is a significant investment by Positive Solutions into the training and development of our IFA partners – the lifeblood of our business.

“If two thirds of our partners were to take advantage of the initiative, their total saving would be £1.8m.”

He adds: “It seems likely the Retail Distribution Review will demand a higher level of qualification although many questions remain.

“The one thing that is clear is the commercial imperative of investing now to raise standards.”

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