Financial services training body the National Skills Academy for Financial Services has been awarded charitable status, it has announced.
The NSAFS is the only financial services training organisation in the UK that is managed and regulated by the industry. Its charitable status will allow it to work more closely with educational charities to deliver skills training, according to Sylvia Perrins, its chief executive.
The organisation's recognition as a charity reflected its commitment to improving the pool of talent in the financial services industry, she said. "We are not a private training provider seeking to make high profits but an organisation that is reinvesting in education," she said.
The NSAFS also already has links with further education institutions to help provide financial education to adults. "Being a charity will also help our work to help adults become more financially savvy," said Perrins.