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Latest findings have revealed that umbrella company contractors working in the financial services sector, could see themselves high in demand.

The newest research, has been carried out by PricewaterhouseCoopers – an organisation that looks to achieve the growth of the iconic professional services firm; and the Confederation of British Industry (CBI), which is a UK business lobbying organisation that aims to ‘provide a voice’ for employers.

The findings revealed that the financial services industry is still growing, as the sector has sustained growth for eight consecutive quarters, with the first quarter of 2012 showing an above average increase.

The study showed that 19 per cent of financial services companies took on new staff, with the industry seeing a growth in confidence for the first time in 12 months.

CBI’s Chief Economic Adviser, Ian McCafferty, has said that he is pleased to reveal the positive news, saying, “Financial services sales volumes and income continued to rise this quarter, putting the sector’s recovery on a firmer footing.”

Mark Hannam, a financial services leader at PwC, added, “Banks are much more confident about their sector.

“This confidence is translating into recruitment, with many banks reporting that they plan to increase headcount over the coming months. Banks are also planning to invest in their businesses, particularly in their digital offerings, and customers should reap the rewards of this.”

IT contractors working through umbrella companies are also seeing an improvement in job opportunities as the financial services sector plan to invest in newer technology over the next year, due to the increase of cybercrime affecting the industry quite severely.

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