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PosSol sets up IFA practitioner deal

“National IFA firm Positive Solutions is to launch an IFA practitioner programme and is targeting up to 500 recruits to its apprenticeship scheme in the next two years.

The 12-month programme to help its partners develop their business and technical expertise is part of a series of professional development initiatives being launched by the firm. These include the national rollout of its apprentice scheme and a new graduate development scheme.

The programme begins with a mandatory “foundation” module on business strategy and planning. It then moves on to a series of practitioner modules covering areas such as lead generation, client segmentation and income strategies before covering technical modules in sectors such as retirement or invest- ment planning.

Positive Solutions’ learning academy launched last August and has attracted over 80 per cent of partners to the programme.

The firm says it intends to build on the “”self-select”” nature of the acad-emy through the new programme by combining practitioner know how with necessary technical and planning knowledge. Positive Solutions is targeting up to 500 recruits to its apprenticeship scheme by the end of 2010 in a bid to boost fresh talent in the industry.

Chief executive Jim Reeve says: “”We see major recruitment opportunities, particularly in the bancassurance and directly authorised markets. The DA sector is vulnerable and exposed with the reality of rising FSA fees, PI costs and the impact of TCF – not to mention capital adequacy.””

It is also linking up with the Institute of Financial Services to offer advisers access to a new ifs school of finance diploma once level 4 accreditation is achieved. This will sit alongside its existing relationship with the Chartered Insurance Institute.”

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