RC doesn’t shake industry’s hiring intentions
The Royal Commission doesn’t seem to have dampened the industry’s hiring intentions, with the finance, insurance and real estate sector showing its highest employment intent since 3Q12.
ManpowerGroup’s Net Employment Outlook found that hiring intentions for the sector stood at +21 per cent for the fourth quarter of 2018, well ahead of the national average of +13 per cent.
“While many have expected the finance industry to have a more subdued outlook as it continues to process the findings of the Royal Commission, the data suggests the industry is preparing for significant changes that require an increase in headcount in order to manage new compliance obligations while maintaining a competitive position in a rapidly changing sector,” Manpower said.
Recommended for you
ASIC has banned a former AFSL director after he failed to adequately address fees-for-no-service conduct by one of his firm’s representatives.
The Financial Advice Association Australia has appointed two new board members following two weeks of voting, as well as one re-elected member.
Advice licensee Bombora has introduced a board of six financial advisers from its national network to ensure industry voices are heard collectively on future decisions.
Technology firm Iress and investment manager Challenger have formed a strategic partnership to launch an adviser solution to better serve their retiring clients.

