Apprenticeship Scheme

Have you ever thought of taking on an Apprentice?

 

LIA is looking to our membership to help find the next generation of financial advisers through our new apprenticeship scheme.

The Insurance Practitioner Apprenticeship is an ‘earn and learn’ degree programme, combining on-the-job training with academic study. The three-year, government supported programme leads to the full QFA and BA honours degree in Business and Insurance which allows apprentices to hit the ground running early in their career.

 

What is an apprenticeship?

 

The Insurance Practitioner Apprenticeship has been developed with the insurance industry and to meet the needs of modern insurance and financial service businesses.

Available nationally, the programme is open to Life & Pension and broker businesses of all sizes. It is a three-year contractual commitment, funded by the government (HEA and SOLAS) and is structured so apprentices gain their regulatory licence – Professional Certificate in Financial Advice (APA) – by the end of year one and the Professional Diploma in Financial Advice (QFA) by the end of year two.

The off-the-job training is provided one day a week via distance learning. Apprentices stream live lectures in their workplace through our partner, IT Sligo, which enables them to learn in real business environments.

 

 What’s the value of an apprentice?

 

Apprentices bring enthusiasm and a fresh perspective to business. Combine this with a level 8, BA (Hons) degree and you’ll benefit from staff with higher-level technical knowledge and a more comprehensive set of soft skills.

Research from similar programmes across the UK shows that apprentices develop into motivated, skilled and qualified employees, filling your talent gap and making your business more productive.

Through structured funding, taking on an apprentice helps to lower recruitment and training costs, so what are you waiting for?

 

Who is this programme for?

 

Apprentices are typically ambitious people of all ages, from a variety of backgrounds. To find out more about our existing demographic breakdown, click here

There are however entry requirements for the scheme which should be considered within your recruitment process.

 

Údarás na Gaeltachta Scholarship Funding for Insurance Apprenticeship

 

To further help the regional balance of the scheme further funding is available in the form of a scholarship from Údarás na Gaeltachta, details of which can be found here.

The potential apprentice must live or have an address in a designated Gaeltacht area and speak fluent Irish.

The Employer does not have to be located in a designated Gaeltacht area nor speak Irish.

 

Entry requirements

 

  • Minimum 2 honours (higher level) in Leaving Cert
  • 4 additional passes including English/Irish and Maths
  • No maximum age limit, but for those over 23 on 1 January of the year of entry, interviews and other selection tools may be used to assess eligibility, replacing Leaving Cert entry requirements.

 

How do I employ an apprentice?

 

Hiring an apprentice is straightforward, but there are a few things that as an employer you need to be aware of:

  • Initial assessment required to qualify for funding
  • Supply of experienced staff members to act as mentors and supervisors
  • Suitable role to facilitate learning
  • Access to a computer and quiet space to take part in online lectures
  • Salary to be in line with normal entry-level positions

 

More information

 

If you are interested in taking on an apprentice or would like more information on the scheme contact Elaine Culligan o 01 709 9846 or at elaine.culligan@lia.ie.