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A cash injection from a new educational trust fund for securities and investments students is now available from the Securities & Insurance Institute.

With an initial fund of £120,000 - which includes the remaining portion of the Stephen Cooke Memorial Fund - it aims to enable students, primarily at postgraduate level, to compete for scholarships.

It will initially be focusing on providing dedicated scholarships for its centres of excellence, which currently include the Cass Business School at City University, the ICMA Centre at University of Reading, the University of Edinburgh and Exeter's XFi Centre.

It is also expected that there will be wider opportunities for students from other educational establishments to compete for scholarship opportunities.

The SII educational trust's objectives cover the promotion of the advancement of knowledge in the field of securities and investments, through education and research.

The trust will also act as an umbrella fund for the existing two scholarships which are currently offered through the generosity of practitioners in the securities and investment sector, including the Euroclear Prize in Memory of Andrew Winckler, given for the most outstanding result in the SII's Diploma in Investment Compliance, and the Stephen Cooke Award, given for an outstanding essay set by the trustees followed by a test and an interview.