Tenet is launching a pre-employment and internship programme aimed at helping 150 unemployed graduates find paid internships in financial services.
Together with the Financial Skills Partnership, Tenet is offering training facilities and supplying qualified trainers to participants in the 10-week Graduate Foundation College scheme. Graduates will become trained to RO1 standard and it is hoped they will all find a six month paid intership at a financial services firm.
Tenet group distribution and development director Keith Richards says: “Tenet is proud to be supporting this programme from the outset. It is a very positive move, particularly given the impact of RDR and challenge of bringing new blood into the industry.
“This fast-track solution significantly shortens the graduate recruitment process for adviser firms and provides them with candidates who are already RO1 qualified.”
Tenet is not the only firm to be taking part with Aviva, the CII, the Department of Work & Pensions, Redland Business Solutions and Scottish Widows also backing the scheme.
The FSP’s partnership manager Paul McCraith says: “If this pilot scheme is a success, we will be seeking to expand the workshops to cover mortgage advice, paraplanning and wealth management.”