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Umbrella company contractors might be interested to hear that vacancies within the financial services sector jumped by 26% during June.

The report, carried out by the Association of Professional Staffing Companies (APSCo) revealed that following months of increasing demand, general temporary and contract vacancies stabilised across the professional staffing market with opportunities softening by 0.3% year-on-year.

With regards to the growing demand for contractors within the financial services sector, APSCo says that the reason for this is 'most likely, in part, due to a rise in demand for compliance experts and back office support teams to pre-empt how the new-status quo will impact current benefits such as passporting privileges and draw up strategies to manage future agreements on equivalence'.

John Nurthen, Executive Director Global Research for Staffing Industry Analysts, which compiles the report for APSCo, commented, “Movement in demand in and around the Referendum has been based solely on sentiment given that no changes to the UK’s relationship with the European Union have actually happened yet.

“The strong growth in temporary and contract vacancies in the finance and accounting sector seems more of a surprise but, then again, the sector has been performing well for the past twelve months. At the same time, we have seen IT vacancies decline over the same period.”


Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.

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