Financial services in high demand

(2 minutes to read)

Umbrella company contractors might be interested to hear that financial services roles have seen a significant rise in demand during the three months to May, increasing by 29.4%.

According to findings from the latest Sector Trends report, carried out by the Association of Professional Staffing Companies (APSCo) commercial banking was the dominant area accounting for more than insurance, investment and consumer finance combined, but over the 12 months, there was a 2.7% fall in the number of vacancies, year-on-year. While in the insurance sector, there was double-digit growth of 10.9% over the same period.

Looking at a regional analysis, London continues to be the financial capital of the UK with over half (54.9%) of all vacancies located in the area.

Ann Swain, chief executive, APSCo commented on the findings, “Despite a slight dip in demand for financial services vacancies over the year, in recent months, the sector experienced significant growth.”

She added, “While there are isolated cases of financial institutions such as the Nationwide Building Society announcing fewer vacancies, impacting on the South West of England in particular, we are, on the whole, seeing a sustained and measurable increase in opportunities in the sector which is very encouraging news for the economy as a whole.”

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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