The Hidden Barrier to Apprenticeship Success: Financial Confidence, Wellbeing and Retention

Lindsay Conroy is Chief Executive Officer for Association of Apprentices.

Apprentices are becoming financially independent before they become financially literate.

New research from the Association of Apprentices, undertaken as part of a Parliamentary inquiry into financial education, reveals significant gaps in apprentices’ confidence and understanding of money, budgeting, payslips, pensions and financial wellbeing.

Drawing on findings from both the AoA Financial Education Survey and the Big Apprentice Survey, this session will explore the links between financial confidence, onboarding, learner wellbeing, engagement and retention. We’ll share what apprentices tell us helps them succeed, where providers can make the biggest difference, and how practical support at key transition points can improve the learner experience.

Delegates will leave with practical ideas they can implement immediately, alongside examples of resources, workshops and programmes available through AoA and its partners to support apprentices throughout their journey.

You’ll leave with:

• Insight into the financial challenges apprentices are really facing.
• A better understanding of the relationship between financial confidence, wellbeing and retention.
• Practical ideas to strengthen onboarding and learner support.
• Examples of how providers can deliver meaningful support without adding significant curriculum burden.
• Awareness of resources and programmes available through AoA and its partners.