Will this board game turn teenagers into IFAs?

Author: Rahul Odedra
IFAonline | 01 Jun 2011 | 15:00

Categories: Investing in the profession

Topics: Bluefin| PFS| education

careerchoice

A Bluefin financial planner and the Personal Finance Society are developing a board game to introduce teenagers to the adviser profession as a career choice.

The game, ‘Financial Survivor', is being developed by Magnified Learning for 16-18 year olds in schools and colleges.

Gemma Davies, a certified financial planner at Bluefin, has been advising Magnified Learning on the project.

"It's about taking a situation where you've got to take decisions, just like a financial planner would in dealing with all sorts of clients, and how you can best be equipped to deal with them," she said.

Davies said the industry has an opportunity to make a career in financial planning more attractive.

"If you look at all the other professions we grew up wanting to be, you've got children already familiar with them," she added.

"If we can get in at this vital age then it will affect what their university choices are and what courses they do."

Magnified Learning has previously worked with the Chartered Insurance Institute to develop the board game Discover Risk, which introduces the risk industry to the same age group.

Chris Horton, director of Magnified Learning, said: "We work with organisations which want to connect with young people who are on the point of making their choices for higher education

"Those organisations want to raise the profile of their industry sector with young people in such a way that they can hopefully influence their views and decisions."

He added the company is aiming to have the board game ready for the new academic year in the autumn.

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Ridiculous

Teenagers into IFA's?? Whatever next. Even a wet behind the ears graduate with Level 4 qualifications isn't ready to be called an Independent Financial Adviser. They lack practical on the job experience, they lack life experience,they lack people skills,to name a few and are unlikely to inspire sufficient confidence in others for the work at hand. Why even would a graduate be interested? It's unlikely anyone would want to pay fees to any young person for financial advice. People don't even want to pay fees for an eye test to Opticians who take around 7 years to qualify. They expect the fee is couched in the product, ie. the frames and lenses, which indeed it is. This is a truth that the FSA regulator fails to acknowledge.

Posted by: N.Pamby

02 Jun 2011 | 14:33
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