Since RDR was launched by the FSA, the predecessor body of the FCA, in 2006, the rules aimed to make the retail investment market work better for consumers. The effect of which has led The Financial Planning sector to go through massive change and evolution.
The sector had to review service propositions and develop charging structures that are commercially viable, at the same time meeting client needs.
FCA registrations suggest that over 80% of registered firms are IFA's
As a result, in order to secure and build market share there has been a lot of consolidation and acquisition created by this opportunity.
The businesses that decided to grow are focussed on recruiting externally and organically, creating demand for the services of financial recruitment specialists operating within the professional Financial planning sector, especially for highly qualified advisors and support staff in particular Paraplanners.
It has become even more important for businesses to seek the advice of recruitment specialists to target and attract the be best talent in the market place.
Employee Benefits packages have always played a key role in the attracting and retaining of talent.
New solutions have been developed to meet the corporate client needs after the introduction of auto-enrolment.
Workplace Pensions are the jewel in the crown of the competitive employee benefit market providing more competitive, flexible Pensions.
Alexander Lort has benefitted by providing product development and business development professionals in this sector.