PFS records surge in e-mentoring

The Personal Finance Society (PFS) has reported that its e-mentoring scheme saw a surge in interest as the Government’s coronavirus restrictions were introduced.

The number of financial advisers signing up to be a mentor or mentee increased by 34% in the first quarter of 2020 and during the start of the Government’s lockdown procedures to slow the spread of COVID-19.
 
The scheme, Connect, has attracted more than 1,300 active users in 12 months and allows PFS members to form mentorship connections with other professionals.

The PFS revealed that one in 10 of those who signed up to the e-mentoring scheme during that the lockdown period were members from outside of the UK. Of the mentors available through the scheme, the PFS also revealed that 37% are fellows of the PFS, 22% are certified diploma qualified members, while 41% are associate level members.
 
PFS chief executive, Keith Richards, said: “Coronavirus hasn’t stopped financial advice professionals from wanting to continue to develop their skills and progress their careers.
 
“There can be little substitute for experience and soft skills to compliment technical competence and both mentor and mentee can gain invaluable insight into the workings of the wider profession from taking part in the Connect e-mentoring scheme.
 
“The benefit of using a digital platform means that the sharing of professional knowledge is not restricted by geography or can be hampered by measures to slow the spread of coronavirus.”

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