Financial services adds 11,000 more jobs in Q2

clock

The number of people employed in the financial services sector increased by around 11,000 in the second quarter - the fastest growth rate since the financial crisis, research suggests.

According to the latest CBI/PwC financial services survey, the number working in the sector increased for the first time since September last year and at the fastest pace since 2007. Firms expect the growth trend to continue with the highest hiring expectation recorded since June 2007, the research found.  Volumes of business across the sector also increased over the three months to June but at a slower pace than the last three quarters. "The financial services sector continued to recover over the past three months, but with slower volume growth, following three stronger quarters,"...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read