FLA to develop motor finance standard

The Finance and Leasing Association (FLA) will develop a Motor Finance Specialist apprenticeship standard after gaining government approval.

Working with employers in a Trailblazer group, it will work with members, brokers and dealers to devise a training standard highlighting the skills and knowledge needed.

Adrian Dally, head of motor finance at the FLA, said, ‘The motor finance industry provides rewarding careers, and many of its jobs, including the customer-facing roles in dealerships, are demanding in terms of the required levels of regulatory knowledge and customer service. The apprenticeship standard will build on the industry’s existing training programmes while helping to attract and retain the next generation of talent.

‘We’re working with industry experts who will help us create a standard that will benefit apprentices, employers, and motor finance customers.’

Robert Halfon, Minister of State for apprenticeships and skills, added, ‘Apprenticeships offer young people a ladder of opportunity to gain the vital skills they and businesses need to succeed. By putting more control in the hands of employers, we are ensuring apprenticeships are high quality and address skills shortages facing industry.

‘Congratulations to the Motor Finance Trailblazers for being approved to develop their apprenticeship standard, and for playing an active role in developing the workforce of the future.’