Bosses at an adviser training academy fear planned apprentice schemes could be ‘destroyed’ after hitting a “large stumbling block”.

Six leading professional bodies have joined forces to support a new Apprenticeship Standard.

Small advice firms will get £1,000 from the PFS to enrol employees aged under 19 into a new scheme to develop them into fully qualified advisers.

The New Model Business Academy, a training provider, has applied to be added to the government’s Register of Apprenticeship Training Providers.