Financials concerned by new recruits' basic skills

clock

Financial and insurance services firms are still concerned about the basic skills of new recruits, with 90% now discussing the issue at board level, a survey suggests.

Although 66% of all respondents thought that those joining the sector today were well equipped, employers took a different view, with 56% saying that the education system is not meeting their needs. Meanwhile, two thirds of respondents believe it is important to carry on investing in staff training in order to be well placed to benefit from the recovery. However one in five employers are planning to make savings by cutting spending on training compared to 64% who have done so already. "The education system needs to meet better the needs of business, and business needs to articulate ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

FCA Pure Protection Market Study interim report delayed to 2026

FCA Pure Protection Market Study interim report delayed to 2026

Quantitative Outputs published

Cameron Roberts
clock 12 December 2025 • 4 min read
FCA to simplify insurance rules to 'support growth and innovation'

FCA to simplify insurance rules to 'support growth and innovation'

Further reviews waiting in the wings

Cameron Roberts
clock 09 December 2025 • 2 min read
Budget 25: The protection and health headlines

Budget 25: The protection and health headlines

NHS, welfare reform, NI, economic inactivity and more

Cameron Roberts
clock 27 November 2025 • 2 min read