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Pacific Life Re aims to tackle financial services skills challenge with FSSC partnership

Global life and health reinsurer Pacific Life Re has partnered with the Financial Services Skills Commission (FSSC) to ensure the financial services sector is prepared for long-term skills needs; becoming the first dedicated reinsurance firm to join the Commission.

The FSSC is a member-driven organisation dedicated to ensuring the UK financial sector has the skills for future technological and societal shifts.

As the first dedicated reinsurance provider to become an FSSC member, Pacific Life Re will work with over 40 financial services organisations to co-develop skills policy.

It will also contribute to the Commission’s strategic direction as a member of the FSSC’s Advisory Group.

Faye Liddelow, Chief People Officer, Pacific Life Re commented “With a constantly changing landscape, the advance of AI and the increasing complexity of the deals we undertake, it’s imperative we plan carefully for our future workforce.

“Having the right skills in our industry is so important for its growth and we’re delighted to be able to help shape this strategy by being part of the FSSC’s Advisory Group.”

Pacific Life Re provides both protection and savings and retirement solutions to clients across the world, from the UK and Europe to North America, Asia and Australia.

Gregg Hutchings, Acting Chief Executive of the Financial Services Skills Commission, said: “Our members are integral to our mission to develop skills in financial services, while increasing the supply and diversity of talent within the sector.

“Collectively, they represent a significant proportion of the one million people employed in the sector, across banking, insurance, investment, FinTech and professional services.”

He continued: “We’re delighted to welcome Pacific Life Re as an FSSC member. The reinsurance sector is an important component of the financial services ecosystem, and we look forward working with them to tackle the skills and talent issues the sector is facing.”

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