Kirkby-in-Ashfield based Financial Advisors, Hampshire Hill Group, know only too well the problems facing the industry over recent years, with the skills gap becoming more and more apparent throughout the sector.
Managing Director, Richard Hampshire, explained why this is happening, and what Hampshire Hill are doing in order to tackle this issue head on.
He said “The Financial Services market is dying, due to the people who are qualified to work within it becoming older, and retiring, with no young trainees coming through”, he continued:
“We have decided to take on an apprentice who we can then train into the unique methods we use – they will then become the future of the industry, and ensure that it thrives and continues.”
How Charlie got involved…
The 16 year-old local boy, Charlie Jordan, with the Financial Services Apprenticeship in his grasp said:
“I didn’t want to go down the College or University route and be based in a classroom 5 days a week, I wanted the experience of a real working environment.
I’ve already learned so much, working in a business like Hampshire Hill, and with such an experienced team has taught me so much.
It’s also meant that at just 16, I know what career I want and I’m on the path towards it. I really want to become a financial advisor, and am excited about the opportunities the Financial Services Apprenticeship is bringing, and will continue to bring.”
The benefits of our apprenticeships
Charlie is taking his Financial Services Apprenticeship in CII in Financial Services Administration, through the Babington Group based in Derby.
Since their foundation in 1974, Babington has provided high-quality training within Accountancy, Business Administration, Customer Service, Providing Financial Services, Team Leading and Management, for both employers and apprentices alike.
Apprentices allow young people (aged 16-24), to get hands on work experience, and a qualification, all with the added benefit of earning a salary at the same time.
Whilst the £1,500 Apprenticeship Grant for Employers helps businesses grow, by taking on an apprentice.
Babington Group CEO, Carole Carson, was keen to tell us of why businesses like Hampshire Hill are so important:
“The sector needs businesses like Hampshire Hill, and business owners like Richard, as they know there is a skills shortage in the industry, and are looking for ways to overcome it. It is by no means a quick-fix, but a long-term solution that they hope other businesses in the sector will follow suit, to ensure the future of Financial Services.”