FAQs


What is an Apprenticeship?
An Apprenticeship is a high quality framework of work-based training for people who want to develop their prospects and career. An Apprentice gains new knowledge and skills as well as qualifications whilst working.




What do Apprenticeships involve?
Apprenticeships involve undertaking periods of on and off the job training to achieve competence in a particular job. This is demonstrated through the achievement of an N/SVQ, Key/Core/Essential Skills and a technical certificate. Owing to differences in policy across the devolved administrations, the Apprenticeship content and name varies across the four nations.




How are Apprenticeships developed?
The Apprenticeship content is set for employers by employers and facilitated by Sector Skills Councils (SSCs). All Apprenticeship development is employer-led but must be in line with national requirements to ensure consistent levels are achieved across all sectors.




Is an Apprenticeship a recognised qualification?
No, the Apprenticeship framework contains recognised qualifications but is not one in its own right. On completion of an Apprenticeship a completion certificate is awarded by the SSC.




Who is eligible for an Apprenticeship?
Apprenticeships and Advanced Apprenticeships are open to anyone aged 16 and above and resident in the UK. Apprentices can be new recruits or can be drawn from your existing workforce.




What are the benefits for employers?

  • A way to meet T&C requirements.
  • An additional recruitment tool.
  • A retention tool particularly for younger recruits.
  • Possible funding to support the learning.
  • An attractive development path for new and existing employees.
  • A structured training programme which helps to recruit and retain employees.
  • The apprentice with recognised qualifications including a choice of professional qualifications.
  • Improvements in the performance of existing staff, a way to fill the skills gaps in the organisation.
  • Soft skills development - eg communication, management & leadership.
  • A reduction in staff turnover by implementing career plans and growing your own future managers therefore you will not have to buy them in.




What are the benefits for individuals?

  • Structured personal development
  • Both practical and technical skills
  • Relevant knowledge and skills to your current and future job role(s)
  • Professional qualifications that demonstrate your abilities




Can I get help with recruiting a suitable Apprentice?
Your local funding agency and training provider can also help you recruit a suitable Apprentice. They are also there to support you through the training process by working with you and the Apprentice to agree a training programme and handle assessments and quality control.




Will there be a mountain of paperwork involved in recruiting or setting up an apprenticeship?
Some paperwork is required, however, most employers will contract with a training provider to (e.g. National Skills Academy for Financial Services) deliver parts of the Apprenticeship and this keeps paperwork to a minimum. The Skills Funding Agency (SFA) has produced an effective practice guide for reducing administration in Apprenticeships. www.apprenticeships.org.uk




What types of Apprenticeships are available?

  • Advanced Apprenticeship in Advising on Financial Products – this Advanced Apprenticeship has three pathways, Financial Advice, mortgage advice and long-term care insurance advice.
  • Apprenticeship and Advanced Apprenticeship in Retail Financial Services – the Apprenticeship has two pathways in General Insurance and Retail Banking. The advanced Apprenticeship has four pathways in General insurance, Investment Administration, Retail Banking and Long Term Insurance.
  • Apprenticeship and Advanced Apprenticeship in Accounting
  • Apprenticeship and Advanced Apprenticeship in Payroll
  • Modern Apprenticeship in Accounting
  • Modern Apprenticeship in Providing Financial Services




I am interested in putting a (new) employee on an Apprenticeship programme – what do I do next?
Consider the Apprenticeship you would like to run and the particular pathway and qualifications that suit your business needs. Further details on provision can be found in the training providers section of our website.




How long does an Apprenticeship take?
The length of time taken to complete an Apprenticeship varies. This depends on the Apprenticeship content, the ability of the Apprentice, their previous knowledge and experience and the specific requirements of the employer. An Apprenticeship will usually take around 12 -18 months and an Advanced Apprenticeship could take up to 24 months.




How much do Apprentices get paid?
The Apprentice’s salary is set at the employer’s discretion and is subject to national minimum wage.




How are they funded?
Apprentices attract Government funding across the UK. Eligibility for and the amount of funding varies according to the country/region and the Apprentice’s age. Government funding does not cover the full costs of training and an employer contribution is expected. In England, government funding is administered via the Skills Funding Agency (SFA) www.skillsfundingagency.gov.uk. In Scotland, funding is administered through Skills Development Scotland. www.skillsdevelopmentscotland.co.uk In Wales, funding is administered through DCELLS www.wales.gov.uk and in Northern Ireland, funding is administered through DELNI www.delni.gov.uk.



Can I apply for exemption from any of the Apprenticeship components?
If you have completed a GCSE A-C in Mathematics and English within the past 5 years, you will not be required to complete the Key Skills portfolio and tests in Numeracy and Communication.




Shortcuts


Contact
PrintPrint

Tel : 020 7367 9542

Copyright FSP 2011 | 51 Gresham Street London EC2V 7HQ