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New Zealand owned life insurer Fidelity Life has announced five new scholarships aimed at groups typically under-represented in the financial advice industry, including Māori, Pasifika and women.
The five successful applicants for the $5,000 scholarships will be among the 20 candidates selected for Fidelity Life’s new financial adviser education and skills programme, Career connect.
Fidelity Life services head Trecia Brown says people who access professional financial advice are consistently better off than those who don’t.
According to research by the Financial Services Council more than 80 percent of advisers were male, just under 87 percent identified as European and 73.5 percent were aged over 50, indicating a clear lack of diversity within the sector.
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