Financial Service Sales News

Insurers 'are protecting motorists'

27 July 2010 14:54:10

The work done by people in insurance sales jobs is helping to protect motorists from fraudsters, one industry body has noted.

Graeme Trudgill, technical and corporate affairs executive for BIBA, said that insurance is fair to people and "very specific to the individual", so each policy taken out is helping to give an accurate estimate of risk.

His comments followed the publication of the AA British Insurance Premium Index, which showed that fraud is leading to car insurance premiums being pushed up at their fastest-ever rate due to bogus claims.

Mr Trudgill said that those in insurance sales jobs are nevertheless doing their best to ensue that people receive the lowest possible premium for their policy.

He advised: "Don't just stick to comparison sites because they have only a limited amount of the market. Through a broker you can be advised more about what is the cheapest but also most suitable."

Posted by Wayne Bly

Differing age groups 'ensures sales recruitment success'

27 July 2010 14:52:28

The key to sales recruitment success is employing a mixture of people of varying ages, according to one specialist.

Rachel Krys, campaign director for the Employers Forum on Age, said that the best workforces are often made up of people representing a very broad age spectrum and noted that this creates a combination of youthful enthusiasm and experience.

Her comments followed the publication of data by the Office for National Statistics, which showed that between March and May 2010 there were 6.6 million people over 50 but below the retirement age employed in the UK - a 0.3 per cent increase on the previous quarter.

Ms Krys explained: "I think the recruitment industry has struggled to realise that a mixed-age team - having people of all different ages - makes a much stronger and much more adaptable team."

She added that people aged in their 50s and 60s are often "very well qualified" and capable of adding another dimension to a team.

Posted by Nikki Barrister

Financial services wage transparency 'good news for female jobseekers'

20 July 2010 18:12:07

A greater level of wage transparency in the City is good news for female jobseekers who are worried about being discriminated against.

Kate Grussing, spokesperson for the City Women's Network and Sapphire Partners co-founder, has claimed that professional women will "welcome" these changes.

She also highlighted the benefits that providing a standardised format of pay across levels and sectors will also be a strong, positive change. Those applying for financial services sales jobs could be among those to benefit from this higher level of transparency.

Despite this, Ms Grussing said that her organisation does not fully support the introduction of quotas for board-level positions in these organisations.

She added: "What we need to focus on is greater transparency of how the board appointments are made so that women are on the shortlist where they deserve to be."

The Confederation of British Industry recently claimed that the number of financial services job opportunities could increase during the next three months.

As a recruitment provider to many of the UKs major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFAs and Mortgage Broking.

Posted by Wayne Bly

Financial services job opportunities 'could increase in next 3 months'

30 June 2010 18:11:52

New jobs are likely to be created in the financial services industry due to its strong growth rate during the last three months.

Figures published by the Confederation of British Industry (CBI) and PricewaterhouseCooper have shown that that the sector is expanding at its fastest rate since September 2007.

As a result of this growth there could be a rise in the number of financial services sales jobs being created, as the CBI's deputy director general, John Cridland, has stated that many firms are planning to bolster staff numbers.

He said that while the expansion has fallen short of expectations many firms are likely to step up their recruitment programmes in the next quarter.

Andrew Gray, PwC's UK financial services consulting leader, added: "Legislation and regulation is now seen by the banks as their largest limitation on business development and as a result, cross-selling to existing customers remains the focus for growth."

Earlier this week, City Women's Network president India Gary-Martin emphasised the importance of networking to female jobseekers looking to get access to the industry.

As a recruitment provider to many of the UKs major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFAs and Mortgage Broking.

Posted by John Oak

John Carmody looks to boost Aviva's sales

25 May 2010 15:59:00

A former senior director at the asset and investment management firm BlackRock is set to join insurance giant Aviva and has been charged with working alongside the sales team to boost performance, according to one publication.

City AM reported on the switch that John Carmody has made and said that the former executive director of UBS Global Asset Management will work to safeguard existing business and secure new clients.

People looking for sales jobs will be able to see if the director can manage to boost the insurer's sales and partnerships.

"Carmody will work with Aviva's sales teams to develop new and existing relationships with financial institution clients and will help to facilitate cross-border business," the publication stated.

The former director of business development for the firm's Europe, the Middle East and Africa institutional wealth management division will also focus on partnering financial institutions seeking an asset manager with an aligned global reach.

Marc Bolland, the former chief executive of Morrisons, has recently been charged with bringing similar success to Marks & Spencer, after he took the same position at the upmarket retailer.

With consultants dedicated to insurance sales, Aaron Wallis has relationships with many of the major insurance employers and recruits insurance brokers, risk managers and corporate sales professionals. For insurance sales recruitment services visit: www.aaronwallis.co.uk

Posted by John Oak

LV = recruits sales staff after 'significant growth'

20 May 2010 15:52:50

One of the UK's largest insurance and investment companies is going to create 300 new roles due to impressive growth and some of the positions will be sales jobs.

LV= is going to be recruiting for staff at its offices in cities such as Bournemouth, London, Huddersfield, Hitchin and Bristol.

David Smith, human resources director of LV=, said that - at the moment - the group is going through a significant period of growth and, because of that, it is an exciting time to join the company.

"Our general insurance operation is a particular hotspot for growth and we are looking for people both with experience in this field but also for individuals who are looking to move into this sector from other careers," he said.

Standard Life is another insurance company which has seen growth this year, with a 30 per cent jump in its sales figures in the first quarter of this year.

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis has a deserved reputation within Financial Services recruitment. The dedicated FS consultants recruit sales professionals across retail banking and financial services including IFA’s and Mortgage Broking.

Posted by Nikki Barrister

LV = recruits sales staff after 'significant growth'

20 May 2010 15:52:50

Admiral gives boost to insurance sales jobs

19 May 2010 16:08:42

Car insurance giant Admiral has predicted it will have recruited around 750 new staff by the end of June this year, some of which will be based in its sales department.

The insurer is creating the new sales jobs at its Cardiff base and has already recruited 490 people since January and plans to add to the 3,000 people it employs in Wales before the end of December.

Admiral Group people services manager Ceri Assiratti said: "The calibre of candidates coming through is very good, so much so that if we've reached capacity in one department, we'll invite those people back for an interview with another department that has openings."

A company spokesperson added that, because car insurance is compulsory, it has not been hit that hard by the recession, as people are forced to use their services.

Admiral's forward thinking recruitment could be mirrored by other companies in the coming months, according to Rob Scott, managing director of Aaron Wallis Sales Recruitment, who recently said strategic staffing is set to become a growing trend.

For all of the latest sales industry news visit www.aaronwallis.co.uk. If you are looking to recruit sales staff, Aaron Wallis offers the UK's most inclusive sales recruitment service which includes skills testing, psychometrics and backed by a 12 month rebate scheme as standard. For Sales Director jobs visit www.aaronwallis.co.uk.

Posted by Wayne Bly and John Oak

Standard Life gets boost from sales figures

30 April 2010 15:53:49

One of the UK's biggest long-term savings and investment companies has seen a 30 per cent jump in its sales figures in the first quarter of this year and puts the success down to increased consumer confidence and greater desire for pension products.

Standard Life recorded the impressive rise, which was much better than analysts had predicted, and could offer hope to people searching for sales jobs in the financial services sector.

Jackie Hunt, the firm's finance director, said: "'Since the end of 2009 we have seen people moving out of cash and into equities and fixed income."

The boss added that the company has seen an "uptick in the amount of advice being sought" as consumer confidence returned to the market after the recession.

Positive sales figures for Standard Life were followed by an impressive performance on the stock market with the financial services company's shares finishing up 4 per cent at 201.3p yesterday.

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within financial services recruitment. Their dedicated financial services consultants recruit sales professionals across retail banking and financial services including IFA’s and mortgage broking.

Posted by Nikki Barrister

Expert: Job market 'showing signs of recovery'

15 April 2010 16:24:16

The financial, engineering and healthcare sectors look like strong possible sources for new sales jobs, with one expert predicting an overall upturn in the three industries.

Peter Searle, chief executive of Adecco Group UK & Ireland, told Recruiter that as well as evidence of business confidence returning across the board, recruiters are also predicting a more positive outlook for 2010.

"The job market is showing signs of revival across every sector, but this is strongest in engineering, healthcare and finance," he explained.

Mr Searle added that specialist recruitment agencies are making the process more "streamlined and efficient", helping their clients save time and focus their resources into finding the best candidates.

Backing up his comments, the latest Morgan McKinley Monitor revealed that the number of new City jobs has reached its highest levels since August 2008.

This is likely to mean more financial sales jobs are created over the next year, with the monitor also showing that new positions in the capital's financial services industry rose by 21 per cent between February and March 2010.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by John Oak

Nearly half of recruitment hopefuls could face jail

12 April 2010 15:16:29

Job seekers have been given a stark warning that they could face prison for lying on their CV, following new research.

Data commissioned by office support recruitment specialists Tate found that more than 40 per cent of people have lied or made exaggerations on their resume, possibly helping them to get a job.

The data follows a recent case where Rhiannon Mackay, 29, from Plymouth, was sentenced to six months in prison after embellishing her CV.

Rob Scott, managing director of sales recruiter Aaron Wallis, said: "Whilst it may be tempting to falsify information on CVs, it's a very unwise thing to do, no matter how desperate you may be to apply for specialist positions."

He said: "With the internet, it is becoming increasingly easy to check out and more and more of our clients are turning to third party reference agencies to verify an applicants' entire CV."

Sarah Butcher, writing for eFinancial Careers, said that there are a number of ways that financial sales recruitment hopefuls can fill gaps in their CV, including by taking part in charitable endeavours or gaining new qualifications.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by John Oak

Finance leaders look to hire as confidence rises

16 March 2010 15:51:33

A rise in confidence levels of financial officers could herald a recruitment boom in the financial sector, according to new research.

The latest Robert Half Chief Financial Officer's Confidence Index showed that nearly 47 per cent are more confident about the economic prospects facing their companies in the next six months.

This has changed significantly from last year, when 84 per cent of finance leaders were pessimistic in their outlook.

Furthermore, this rise in confidence could boost sales jobs in the industry, with 17 per cent of the UK's chief financial officers stating that they will be looking to hire permanent staff over the next six months.

Officers in London were the most optimistic, with nearly a third stating that they would resume hiring in the coming six months as workloads and business growth drive the need for staff.

This research backed up recent comments by recruitment firm Michael Page, which predicted that the number of financial jobs available is set to "significantly improve".

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by Wayne Bly

Financial sales jobs set to improve in 2010

09 March 2010 12:55:56

The number of people achieving sales recruitment success could be about to boom, according to one industry expert.

Recruitment firm Michael Page said that the amount of financial sales jobs available is set to "significantly improve" as confidence returns to the banking sector this year.

The Daily Mail reported that the number of jobs in this sector has doubled compared to the same time a year ago, with firms looking to revive recruitment plans in order to keep pace with the economic recovery.

It was also reported that the Michael Page group felt like the UK had "stabilised" in recent months, however, recruitment revenue was still at a reduced rate.

"While conditions remain difficult in all areas, towards the end of 2009 both our banking and sales businesses started to show signs of improvement," the group added.

Recently, Morgan McKinley's London Employment Monitor for January 2010 showed that the number of people experiencing sales recruitment success in the last month has risen by 60 per cent compared to the same time last year.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by John Oak

Sales recruitment 'at heart of RBS return to strength'

17 February 2010 13:28:27

The Royal Bank of Scotland (RBS) will return to standalone strength through a sales recruitment drive, according to its director of group resourcing.

Susan Bor told Recruiter that in the current climate, how the bank deals with sales recruitment candidates and gets them through the door "has never been more critical".

She added that most people the organisation attracts are not looking for financial sales jobs "for the money", but stated that unless RBS becomes more attractive, particularly on the investment banking side, it could lose out to its rivals when hiring people.

"We will just have to wait and see what happens over the next six to nine months," added Ms Bor.

Last week, two positions, including one sales recruitment opportunity, became available at the bank, with Steve Ashley and Chris Fleming both leaving RBS.

Mr Fleming, a senior salesman, and his colleague quit after dissatisfaction that RBS is being forced to scale back bonuses.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by Wayne Bly

Hiring for financial sales jobs rises by 60%

12 February 2010 15:13:56

The number of people hired in financial sales jobs in London has risen by 60 per cent, according to new research.

Morgan McKinley's London Employment Monitor for January 2010 showed that the number of people experiencing sales recruitment success last month has shown considerable improvement over January last year.

It also found that following the typical decline in job vacancies in December due to the Christmas period, January 2010 shows a 105 per cent month-on-month increase in roles as hiring resumed the gradual pattern of growth which built up last year.

Andrew Evans, managing director of Morgan McKinley's financial services division, said that there were more financial sales jobs available last month than at any point in 2009.

"A more accurate gauge of job growth is the seven per cent increase in job vacancies from November 2009 to January 2010 which indicates that January recruitment levels are in tune with the recent upward trend," he added.

Earlier this week, it was revealed that more than half of Scotland's financial services firms intend to recruit more bodies this year.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Posted by Wayne Bly

More than 1,000 jobs to be created in Scottish development

03 December 2009 10:51:57

Plans were unveiled yesterday for a £250 million housing, retail and business development which could create more than 1,000 jobs.

Developers claim that the construction in Stonehaven, Aberdeenshire, will create the jobs over 15 years, helping to reinvigorate the local economy.

The Mill of Forest plan will include up to 1,500 houses, shops, a hotel and business park, creating sales jobs and others in construction and leisure.

Graeme Bone, director of Drum Property Group, a joint developer in the scheme, said: "This is a sizeable development for the Stonehaven area and the wider Aberdeenshire region and studies provide robust evidence of the far reaching economic benefits it will bring to the north-east."

David Scott, operations director of fellow developer Barratt East Scotland, said that the site is ideally located for access to the main road network, railways and the future Aberdeen western peripheral route.

Earlier this year, business services firm Capita announced plans to bring 200 financial sales jobs to its site in Stirling as part of its contract with insurance company Axa.

With consultants dedicated to Insurance Sales, Aaron Wallis have relationships with many of the major Insurance employers and recruit Insurance Brokers, Risk Managers and corporate sales professionals. For Insurance Sales Recruitment services visit: www.aaronwallis.co.uk.

Posted by Wayne Bly

Financial sales jobs created by motor company

29 October 2009 16:58:58

Kwik-Fit Insurance has announced plans to expand its workforce and create 84 new sales jobs.

The Lanarkshire-based firm, which deals with motor, home, van and pet insurance, is hoping to expand its staff to more than 1,000 at its Uddingston headquarters by the end of the year.

New recruits at the company will take up a variety of roles, including outbound sales, internet sales and policy renewals.

Brendan Devine, group managing director of Kwik-Fit Financial Services, said that the firm was looking to grow its operations and is seeking the best people to help it do that.

He added: "We are growing our policy numbers year on year and we want to maintain that momentum by adding to the great team we already have."

Lanark and Hamilton East MP Jim Hood welcomed the news, adding that it was a good boost to the local economy and his constituents.

Earlier this week, Tesco Bank announced plans to create up to 1,000 sales jobs in Newcastle to provide greater service for the firm's home and motor insurance customers.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

By Nikki Barrister

Tesco to create up to 1,000 financial sales jobs

28 October 2009 16:16:33

Tesco Bank is to open a new customer service centre in Newcastle, creating 1,000 financial sales jobs in the process.

Based on the Quorum Business Park, the centre will manage customer sales and service for the bank's home and motor insurance customers.

It is hoped that the first 500 positions will be filled by the end of 2010, with a £2 million grant provided by regional development agency One North East helping to attract the company to the north-east.

Benny Higgins, chief executive of Tesco Bank, said that Newcastle was the ideal home for its new financial sales jobs.

"The north-east of England has strong experience in customer services and the financial sector, with a well qualified and enthusiastic workforce. The city is a great fit for our business and as it develops we will be investing even more in the region," he added.

Lord Mandelson, business secretary, said that the new financial sales jobs would be invaluable to the north-east.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

By John Oak

Govt proposals 'could affect those in financial services sales jobs'

27 October 2009 17:53:05

The government has issued new proposals requiring companies offering credit and store cards to be fairer, which could affect those in financial services sales jobs.

Kevin Brennan, consumer minister, claims that the industry needs to get its act together and offer customers a better deal.

He emphasises the importance of those in financial services sales jobs clearly explaining the terms and conditions of cards in order to avoid confusing customers.

"Consumers have a real responsibility to manage their finances properly, but they also have a right to clear information to enable them to do that. Consumers should not feel each month as if they've been exploited or disadvantaged," he explains.

Mr Brennan warns that the current relationship between those in financial services sales jobs and the customer cannot go unchallenged.

It is crucial that the consumer is put back in the driving seat of the relationship, he claims.

In other news, financial sales jobs were recently created by Belfast-based ferry company Norfolkline, presenting new opportunities for those looking at sales recruitment services.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Finance sales jobs created by ferry company in Belfast

21 October 2009 13:41:19

A ferry company has created 60 new financial sales jobs in Belfast.

Norfolkline will be adding to its finance centre in the Northern Irish capital, which already employs 30 staff.

However, that number is set to treble when the company moves all of its European financial sales jobs to the city.

The project is supported by Invest Northern Ireland, which has offered £376,000 of help, leading to an additional £1 million in annual wages in Belfast.

Arlene Foster, enterprise minister for Invest Northern Ireland, said that the new finance service centre will see existing administration functions, which are currently located in seven European countries, centralised in Belfast, giving local people a variety of skilled career opportunities.

"Norfolkline's decision validates the strength of the Northern Ireland value proposition. It is a major endorsement of the strength of our growing financial services sector and the exceptional skills base which has developed in recent years," she added.

The ferry provider recently introduced a service onto the Irish Sea, to improve the facilities and scheduling to its freight customers who travel between Heysham and Belfast.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

By John Oak

Sales jobs give early Christmas present to Swansea workers

20 October 2009 15:35:24

Nearly 100 new jobs are coming to Swansea, providing people looking for financial sales jobs with early seasonal cheer.

Admiral Insurance Group will be creating the 87 jobs as part of a sales recruitment drive starting in November.

The full-time jobs will be based in the business' customer services, renewals and business sales departments, based at its new £7.5 million base in Swansea city centre.

Justin Beddows, Admiral Group's communications manager, told the South Wales Evening Post that it is fantastic to be recruiting people for sales jobs during the Christmas period as it is a tough time of year for unemployed people.

"The main reason we need so many people at this time is we expect to be very busy in the New Year. We want our new recruits to be fully trained and comfortable in their roles," he added.

Admiral currently has two sizeable offices in Swansea, with over 1,000 staff being employed in sales jobs in its Cyprium building on a dockland development area in the city.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

By John Oak

Financial services recruitment 'needs innovators'

07 July 2009 12:51:27

It is vital that candidates innovate to find financial services jobs in the current economic climate, it has been claimed.

Alistair Cox, head of recruitment organisation Hays, has told the Financial Times that the jobs market is "brutal", but said people looking for sales jobs and other work in the City of London may be able to overcome the problems by being more innovative in thinking about how to set themselves apart from other applicants.

"People are going to have to be innovative; they are going to have to differentiate themselves," he told the newspaper.

However, new figures from the British Chambers of Commerce (BCC) have suggested that the worst of the recession could well be over, meaning new sales jobs and work in other sectors could start to spring up in the future.

In a survey of a wide variety of companies, the BCC reported improving levels of business and suggested most had suffered the worst of the recession and are now coming out the other side.

While the BCC did not suggest a recovery is imminent, the survey does support the idea that the UK jobs market may be showing signs of improvement following the slump at the beginning of the year.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

More financial services jobs 'becoming available'

16 June 2009 16:48:37

By Nikki Barrister

Some companies in the financial services industry believe now is the time to start recruiting new staff, it has been revealed.

Research carried out by pre-employment screening firm Powerchex indicated employment offers increased by 23 per cent within the insurance sector and by 19 per cent in the investment banking industries in May compared to April this year.

IT contractors servicing the finance industry saw a 100 per cent increase in the number of employment offers over the month.

Alexandra Kelly, director at the group, commented: "There are those companies who believe now is the time to position themselves to take advantage of any upturn by hand picking new staff from a large and talented pool of people."

Last month, studies by the Chartered Insurance Institute indicated those working in sales jobs in the financial services sector should invest in training in the difficult economic climate in order to get the maximum benefit when the upturn arrives.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA’s and Mortgage Broking.

Financial services sales professionals 'should try training'

27 May 2009 17:05:28

Those working in sales jobs in the financial services sector should invest in training in the difficult economic climate in order to get the maximum benefit when the upturn arrives, it has been claimed.

Research carried out by the Chartered Insurance Institute indicates just two per cent of employees in the industry have been made redundant since the beginning of the current downturn.

Daniel Pedley, public affairs manager for the group, commented that 70 per cent of employers in the sector need to hire staff and are faced with skills shortages.

He added: "We would certainly advocate not cutting training in times like this. We believe that investing in training now, during a downturn, will help you come up in a better position when the recovery comes."

The study also found that insurance and financial services firms are concerned about the basic skills of new recruits as they leave school or university, with 90 per cent of companies admitting the issue has been discussed at board level over the year to 2009.

As a recruitment provider to many of the UK’s major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.

Lack of confidence 'impacting financial service sector'

06 May 2009 17:23:18

By John Oak

A lack of confidence is the largest factor which is slowing cash flow in the financial services sector, those in sales jobs may be interested to discover.

Lord Peter Mandelson, business secretary, claims that people have been oblivious to the extent to which the economy relies on this but highlights the special importance it plays to this industry.

He says that the restoration of confidence will be enacted by increasing transparency in the sector and identifying the problems that badly-understood products can present.

"Ultimately we all need to make sure that the financial services sector remains what it must be, which is the irreplaceable facilitator and backbone of the real economy," he asserts.

Lord Mandelson highlights the importance of improving confidence across the economy as a whole, as it is crucial to enabling the economy to exit the recession.

In other news, 01zero-one's Alec McPhedran has highlighted the importance of sales managers giving workers a clear sense of the company's direction during the financial downturn.

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.