Financial services employment outlook good: Hudson
Despite widespread negative sentiment, employment expectations within the financial services industry remain positive, according to recruitment expert, Hudson.
Hudson's Employment Expectations report was released days after eFinancialCareers claimed 2012 could be a year of fear for financial services.
However, Hudson predicts a positive year for all industries, with 20 per cent of employers in the financial services and insurance sectors planning to increase their permanent headcount over the next year.
"In the financial services/insurance sector, specialist skills are highly sought after with financial planning, underwriting, mortgage lending, retail banking and sales skills remaining in demand," said Dean Davidson, national practice director for Hudson - accounting and finance.
"The banking sector is booting employment expectations as they look to increase permanent headcount in retail branches on the back of enhanced customer service offerings," Davidson said.
Despite a largely positive outlook, employer sentiment has slipped by 5.4 percentage points since the December 2011 quarter.
The most significant drop in financial services/insurance employer sentiment occurred in Victoria, where sentiment slipped 10.7 percentage points over the quarter and 18 percentage points over the year.
Recommended for you
The Financial Advice Association Australia has implored advisers to reevaluate their exposure to AML/CTF obligations ahead of new reforms that will expand their compliance requirements significantly.
With UBS Asset Management chief executive, Alison Telfer, set to join Schroders, the firm has appointed a company veteran as her interim successor.
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
