IFAs remain resilient despite rise in robo-advice

Despite the rise in the use of robots as employees in the workplace, IFAs remain adamant that such technology will not replace their human face-to-face investment advice. Although robots and automation are increasingly infiltrating the financial services industry, experts argue that there are certain matters which robot advice cannot be used for; robo-advice generally focuses on investments which relate more to saving money rather than providing advice. For the…

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FCA Announces that IFAs are to Disclose Esoteric Investment Recommendations

  The FCA has recently announced that IFAs are to disclose more risky investment strategies which they have recommended to their clients The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers. During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were…

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UKEF to Help UK SME’s Access Financial Support

UK Export Finance (UKEF), on Monday 16th October 2017, announced that it has launched a new partnership with five renowned high street banks – Barclays, Llyods, HSBC, NatWest and Santander – to provide SMEs with access to millions in government-backed trade finance. What is UKEF?  UKEF, as part of the Department for International Trade, provides financial support to help UK companies sell to international customers. What are the implications…

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Continued high demand leading to key shortages and increasing salaries…

Key August points Permanent placements rise Demand for staff increases at fastest rate since April 2015 Candidate availability declines at quicker pace, pushing pay rates higher Commentary: Employers are finding it harder to find the people to fill the jobs available. In many areas of the jobs market candidate supply cannot meet demand. Employers are having to offer more money to secure the people with the skills they need….

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Market News – Existing skills shortages are being exacerbated by Brexit.

Key points from the June : Permanent placements continue to rise markedly Availability of candidates continues to decline sharply Growth in permanent placements moderates, while temp billings rise at faster pace South of England sees the quickest drop in candidate availability of all UK regions Pay pressures intensify & Starting salaries increase at quickest pace for just over a year-and-a-half With fewer people currently looking for jobs, employers are…

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Changing employers is becoming a more attractive option for those looking for more money…

Growth in placements reaches one-year high Key points from the February survey: Permanent placements increase at quickest pace in one year… Demand for staff reaches 18-month peak Although permanent placements have hit a 12 month high, businesses across the UK are finding it increasingly difficult to recruit for permanent roles. The big question still remains about how employers will fill their vacancies. There are  acute staff shortages in a…

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Permanent placements increase at softest pace in four months

Key points from the January survey: Slower increases in permanent placement Demand for staff reaches 17-month high Availability of permanent candidates drops at faster pace   Employers are crying out for people to fill vacancies. Fewer candidates are available in all regions, and this is dampening jobs growth. If businesses can’t find the people they need they will outsource abroad, automate activity or shut up shop, resulting in fewer…

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Growth in permanent placements slows slightly in December

Key points from the December survey:   Slightly weaker rise in permanent placements…   Candidate availability declines at weakest pace for over three years   Growth in permanent staff placements softens slightly… A further increase in permanent staff placements during December, though the rate of growth softened slightly from November’s nine-month peak.   Softer decline in candidate availability The availability of candidates continued to decline at the end of…

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Demand for staff still on the rise.

Key points from the November survey: Permanent placements increase at fastest rate since February Sharper falls in the availability of both permanent and short-term staff The jobs market is ending the year on a high with appointments and vacancies at levels not seen since February. In all parts of the UK there is an increasing demand, so clearly businesses continue to seek growth in their workforces.  The main concern…

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