View more on these topics

Advisers put the word out that they are open to job offers

Uncertainty over RDR fallout has not dampened jobseekers’ spirits. Fee-earners and support staff alike are all updating their CVs.

How the RDR will impact on the appeal of adviser roles remains uncertain, so few employers are willing to take a punt on candidates who don’t have a track record or loyal client bank. Nevertheless, many IFAs, multi-tied agents and mortgage consultants are re-engaging with their networks and putting the word out that they are open to offers.

Some firms have already taken steps to pre-empt leavers, such as bringing forward salary reviews or restructuring commission structures more favourably.
Others have even been securing authorisation to “buy back” key advisers even before resignations have been tendered.

Non-sales roles are also enjoying a surge in demand, especially paraplanners, many of whom have been under severe pressure in the past 18 months as firms scaled back on non-fee-earners. Those in administration and compliance who have felt unloved recently but don’t anticipate any improvement are also being snapped up and counter-offered.

Pensions and employee benefits experts with technical ability and client-facing skills are finding a warm welcome outside conventional financial services companies.

Professional services firms securing reward and compensation business are eager to bring talent on board. Many have sufficient financial resources and development opportunities to make irresis- tible offers.

Neil Soffe is a director at Hays Financial Servicesadviser salary is £24,500. This ranges from £23,000 in Wales and the North-east to £28,000 in London.


Ex-Schroders head joins MAM

Former Schroders head of UK retail sales Neil Bridge is joining MAM Funds as head of business development. Bridge will work alongside head of distribution John Alex-ander and distribution director Graham Hooper. He left Schroders at the end of last year after more than 21 years at the asset manager. He joins MAM Funds on […]

Lloyds names intermediary sales bosses

Lloyds Banking Group has named the three intermediary sales bosses it will retain after it asked them to reapply for their jobs. Earlier this week it was announced Halifax head of sales Ian Wilson, Cheltenham & Gloucester head of sales Kevin Purvey, Birmingham Midshires head of sales Phil Rickards and head of national accounts Maria […]

Adviser firms move to stem RDR fallout

Adviser firms are bringing forward salary reviews and putting together more appealing remuneration packages in an attempt to stem RDR resignations, according to Hays Financial Services. The recruitment agency’s 2011 salary survey of over 250 firms suggests that employers are pre-empting leavers in an attempt to persuade them to stay in the industry.Hays also says […]


Gordon Brown: I made a big mistake when setting up FSA

Gordon Brown has admitted he made a big mistake while setting up the FSA because he did not appreciate the entangled relationships of financial services institutions. In a keynote speech to the Institute for New Economic Thinking at the Bretton Woods conference in New Hampshire on Saturday, Brown said the FSA was set up on […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm