Marvin OnumonuThe Personal Finance Society’s (PFS) Pathway to the Profession programme has brought in 500 new members nine months after launch.
The programme generated over 1,000 expressions of interest, with 521 accepted to begin their studies, including complimentary entry to the Chartered Insurance Institute Group’s financial protection exam.
Around three quarters of the new members are aged 30 or under, with four in 10 in their 20s, one in three in their 30s and about 5% in their teens.
A quarter are in their 40s and 50s and a third of new members are women, an increase on the Financial Conduct Authority (FCA)’s last figure of 20% female advisers.
Around 10% of those who have joined have already passed the financial protection exam and several have booked their next, showing ongoing engagement with the programme.
Carla Brown, president of the PFS, said: “The PFS Pathway to the Profession is delivering exactly what it set out to achieve, by opening doors to attract and nurture the next generation of financial planners.
“We are proud to have achieved tangible results at such pace, attracting more than 500 new members in just nine months by meeting the need for clear, accessible pathways into our profession.”
