Pacific Life Re partners with the Financial Services Skills Commission to ensure financial services sector is prepared for long-term skills needs

Pacific Life Re is the first dedicated reinsurance company to become a Financial Services Skills Commission member

Global life and health reinsurer Pacific Life Re is taking a leading role in tackling the financial services skills challenge by becoming a member of the Financial Services Skills Commission (FSSC); the first dedicated reinsurance firm to join the Commission.

The FSSC is an independent, non-partisan, member-led body, set up to ensure the UK financial services sector is prepared to meet the long-term skills needs over a period of unprecedented technological and societal change. The organisation works directly with the sector and advocates for innovative collaboration to ensure that businesses have the talent and skills they need for the future.

As the first dedicated reinsurance provider to become an FSSC member, Pacific Life Re will work collaboratively alongside more than 40 other financial services organisations while helping to shape the future of skills policy, and the Commission’s strategy, as a member 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.

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.

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.

“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.”

About the Financial Services Skills Commission:

The Financial Services Skills Commission is an independent, non-partisan, member led body, representing the UK financial services sector on skills. We work directly with the sector and advocate for innovative collaboration to ensure that businesses have the talent and skills they need for the future.