View more on these topics

Firms cutting graduates by half

Fifty-seven per cent of financial services firms are reducing graduate recruitment by half or more compared with last year, according to research by the Securities & Investment Institute.

The study shows a further 14 per cent of firms say the number of graduates being taken on by their firms is slightly down and 18 per cent say the level of rec-ruitment is unchanged.

Just 11 per cent say their companies are hiring more graduates, with 8 per cent of those increasing recruitment slightly and 3 per cent increasing it by 50 per cent or more.

SII chief executive Simon Culhane says: “This useful survey reflects what we are seeing in our advance graduate bookings, which we estimate are at 50 per cent of last year’s level.”

The SII has also recently developed a stand-alone, QCF level 6 qualification for existing wealth managers.

The Certificate in Private Client Investment Advice & Management focuses on giving advisers the skills to understand and apply the principles of private client investment advice.

It consists of one unit which is assessed by a three-hour written examination.

SII managing director Ruth Martin says: “Its recognition as a challenging, relevant stand- alone qualification in its own right will enable existing advisers to meet the exacting requirements of the RDR with a qualification already used and app- lauded across the sector.”

Recommended

1

Advisers don’t care for LTC levy

Leading long-term care advisers have questioned potential Government proposals to introduce a £12,000 levy, saying it would be unfair and unworkable.

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment