The apprenticeship will offer successful candidates the opportunity to train as Actuarial Technicians, allowing them to work in business areas such as pensions, insurance, investment, health and risk.
Students will work towards sitting the Certified Actuarial Analyst or Fellowship exams using BPP’s highly acclaimed Online Classroom and Live Online tutorials.
They are also required to demonstrate a wide range of valuable skills and behaviours in the work place, with those who pass being awarded a Level Four higher apprenticeship.
The programme was developed by a group of actuarial employers, in conjunction with the IFoA and training provider BPP, and was successfully piloted last year.
BPP is the first training provider to offer the unique two to three-year programme, and Mercer, Aon, Zurich and KPMG have all signed up for the scheme, taking on a total of 13 apprentices between them.
A Trailblazer employer group is also currently working together with the IFoA and BPP to develop a Level Seven actuarial apprenticeship, which will allow graduate actuarial trainees to gain a qualification that is the equivalent of a master’s degree.
Anna Bishop, actuarial apprenticeship program leader, said: “The pilot scheme was a great success, and last year’s cohort of apprentices are now thriving at their firms.
“The new scheme provides a unique opportunity for young people to enter this field, gaining the on-the-job experience as well as the knowledge needed to succeed in the sector.
“Companies are also recognising the wealth of benefits that apprenticeships can bring, with many using apprenticeship schemes as a way to attract new talent and diversify their workforce.”
BPP is one of the leading providers of education and training to the legal, business and financial sectors, working with more than 1,400 apprentices across the UK.
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