Employers develop apprenticeship scheme for actuarial industry

A group of employers and trade bodies have teamed up to create an apprenticeship scheme for the actuarial industry.
Thu, 2 Oct 2014A group of employers and trade bodies have teamed up to create an apprenticeship scheme for the actuarial industry.

The organisations involved in the development of the scheme, which is being led by consultancy firm Mercer, are: Aon Hewitt, Barnett Waddington, Grant Thornton, JLT, RSA, PwC and KPMG.

The Institute and Faculty of Actuaries is also providing support for the project, which is part of a government campaign to create apprenticeship standards for different sectors.

In a press statement, Karen Bennett, a principal in Mercer’s retirement business, said: “It’s important that the actuarial community is diverse and provides opportunities for those who traditionally might not have chosen it as a career path. This apprenticeship standard will help close the gap between vocational and university education, and allow apprentices achieving the standard to be able to compete for jobs with those leaving university.

“Apprentices will be independently assessed at the end of their programme to ensure that they have received a valuable qualification and obtained the knowledge and skills required to lead successful careers in their chosen field.”

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