SimplyBiz is ramping up efforts to bring new advisers and paraplanners to the industry, via its New Model Business Academy, after receiving additional funding from the Education and Skills Funding Agency (EFSA).
The academy, a not-for-profit training division of The SimplyBiz Group, said the funding will enable it to extend its apprenticeship programme.
The programme, which launched in April 2018, already has over 100 students in its financial adviser and paraplanner schemes, with further apprentices enrolled for July and the autumn.
NMBA said it had been working with advisory firms across England to identify their apprenticeship needs, whilst seeking to secure funding from a number of external product providers.
Richard Ardon, joint managing director, NMBA, said: “The additional funding from the ESFA recognises our achievements in our first year of running the apprenticeship schemes and we are delighted to be able to extend it to even more advisers and advisers of the future.
“Bringing new blood into the industry is vital to two of the issues about which we are most passionate; ensuring the ongoing success of the financial advice profession and helping to increase consumer access to advice and remains one of our core areas of focus.”
