Financial services jobs steadily increase
Financial services Internet job advertisements increased by 1.2 per cent in August despite political uncertainty.
According to the Advantage Job Index, financial services jobs increased marginally from the previous month although they were up 35.3 per cent from August 2009.
Graduate roles in banking and financial services saw a better result in August, up 9.8 per cent on the previous month and up 79 per cent in the last 12 months. The accounting sector has not been as active this month, with graduate roles down 3 per cent compared to the previous month (up 43 per cent from August 2009), while in general accounting jobs advertisements were down 0.5 per cent in August with an annual growth of only 5.2 per cent.
The Advantage Job Index, which covered various sectors across Australia, noted an overall monthly rise in jobs of 2.1 per cent, with adverts surprisingly rising strongly in the last week of August despite the political impasse. Employers, however, tended to favour temporary or contract hires over permanent recruitment, which the index noted is perhaps an indication that businesses want to ensure a flexible workforce should things deteriorate.
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
