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Industry consulted on Motor Finance Specialist Apprenticeship Standard

Industry consulted on Motor Finance Specialist Apprenticeship Standard

The Finance & Leasing Association (FLA), working alongside employers in a Trailblazer group have developed a Motor Finance Specialist Apprenticeship Standard after receiving approval to do so by the Department for Education.

The draft Standard concisely sets out what the main tasks of a motor finance specialist apprentice will be and the skills required for apprentice job roles in the motor retail and finance company sectors.  In December a questionnaire was issued to a large number of finance company, broker and retailer contacts giving industry the chance to have its say on what the Standard should include. 

The Trailblazer group are now finalising the Standard with a group of employers before it is submitted to Government for approval.  

The new apprenticeship is expected to become available to employers and their employees in the second half of 2017 and we will continue to update SAF users on our progress.  Further information about apprenticeships and the apprenticeship levy can be found here.