Financial services jobs up in January



Financial services online job advertisements rose 1.2 per cent in January, according to the Olivier Job Index, continuing the upward trend in the number of jobs in the sector becoming available.
Looking at the job market overall, the Job Index rose in January by 3.59 per cent on a seasonally adjusted basis, showing a broad national metric increase of 14.02 per cent in the past six months and 10.14 per cent in the past three months.
The Olivier Job Index report for January stated that advertisements between week 1 and week 4 rose 41 per cent, compared to a rate of growth over the same period in 2008 and 2009 of 25 per cent.
The report noted that ANZ’s December increase of 6 per cent was not an accurate picture and that the 7.5 per cent fall it reported in January was largely a correction of the prior month.
“We are comfortable that December’s rise of 0.48 per cent and January’s increase of 3.59 per cent represent a good guide to the pick up in demand for staff in Australia,” it stated.
Recommended for you
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
Despite the perception that short-term market events shouldn’t affect portfolio decisions, Praemium research finds 60 per cent of advisers have made portfolio changes in response to US President Donald Trump’s decisions.