We're currently conducting a ground-breaking programme of work that will enable UK employers to reshape future skills-provision in the industry.

Working alongside employers, training providers and funding bodies, the Financial Services Skills Council is now into the final stages of this 18-month research-led project to produce a financial services Sector Skills Agreement branded The Skills Bill.

The work is being carried out in five carefully planned stages to create an action plan that sets out the skills employers need, and how to supply and fund them, to improve their business performance.

This Sector Skills Agreement (SSA) is a UK-wide agreement designed to address the major skills issues facing the industry.

One agreement will be created for each of the four nations and will be signed up to by employers, providers and those that fund education and training.

It's not an isolated piece of work. Many of the projects we're already undertaking are driven by what employers say are needed for the skills development and productivity of the industry, such as the New Diplomas and Foundation Degrees.

The SSA seeks to bring employers’ needs to the forefront to influence and change Government policy.

It'll enable them to flag up skills gaps and work towards finding solutions with the relevant bodies – and influence where combined resources are directed.

Furthermore, it gives employers a genuine opportunity to shape and endorse learning provision to deliver effective, relevant training for current and future employees.