CII proposes apprenticeship levy scheme

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The Chartered Insurance Institute (CII) has proposed a "buddy scheme" in order to help insurance firms make the best use of the apprenticeships levy.

The levy is a 0.5% charge on firms' payrolls from April 2017 and will be used to find up to three million apprenticeships. It is set to raise around £3bn.

CII CEO Sian Fisher has suggested that large firms use some of their levy contribution outside their own company to help smaller firms.

She also said that the CII could act as a broker between th