Change in Government to spur on hiring appetite

recruitment government and regulation research and ratings financial services sector director financial advice

11 September 2013
| By Staff |
image
image
expand image

The recent change in Government could help to boost business confidence and increase hiring across the banking and financial services sector, according to Hays Banking director Jane McNeill. 

In the months leading up to the federal election, little attention has been paid to investment in the future for both institutional and boutique financial services providers, she said. 

“We may not see it immediately, but hopefully by the end of the quarter I would expect the more proactive organisations to be looking to the year ahead,” McNeill said. 

“I would hope the change in Government would reduce the compliance costs for small business and, on that basis, hopefully we’ll see more investment in employment and training.” 

Although Hays’ latest salary guide pointed to a holding pattern in relation to hiring over the last six months, the demand for risk and compliance professionals is still high as both banks and boutiques continue to bolster their capabilities in the wake of the 1 July commencement of the Future of Financial Advice (FOFA) regulations. 

While the impending Government has pledged to make a number of amendments to FOFA, McNeill said financial services providers will still need to ensure they have the resources to meet current regulatory requirements. As such, compliance professionals will be highly sought after well into the next quarter.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 20 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

3 weeks ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

6 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 3 hours ago