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Unionlearn, a learning and skills organisation of the Trades Union Congress (TUC), will today be hosting a seminar in which union leaders, employers and the minister for skills David Lammy will try and set out the challenge that faces the financial sector in the UK regarding skills.

Although the financial sector has grown by 5.5 per cent since 2002 and currently employs over a million people, a recent Treasury review has revealed that the sector could be vulnerable to offshoring, reports onrec.com.

TUC general secretary, Brendan Barber, will say at the seminar today: "Much work is already under way. Unions are working with employers, the government and the FSSC to develop a skills agreement for the finance sector. We are encouraging employers to sign up to the Skills Pledge and support the development of new apprenticeships such as those for investment administrators and financial advisers."

He added that where employers have worked with unions, through the network of union learning reps, to "improve skills at work the results have been impressive. But more has to be done".

Moves to ensure skills in the industry are maintained will be beneficial for students who are looking for graduate jobs in the sector.

The TUC represents six and a half million people who are in work and has 66 affiliated unions.

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