Throughout 2016 there will be a "strong demand" for financial planners in South Australia and Queensland, with some top advisers expected to be offered special deals to relocate, according to recruitment consultancy firm Robert Walters.
The consultancy's Salary Survey 2016 report has found that there will be a growing demand for banking and financial services employees this year, as banks and companies increase the number of permanent and contract roles available.
In financial advice, the firm pointed out that in 2016 there will be a "strong demand" for financial planners in South Australia and Queensland.
In fact, Robert Walters said "top interstate talent" can expect to be offered sign-on bonuses and relocation costs as part of their package to "entice" them to move.
Throughout the banking and financial services sector as a whole, however, Robert Walters said that while there is a high demand for employees, the firm does not expect to see any "significant salary increases" throughout the year.
The consultancy firm said salary rises are more "likely to be restricted" to the level of consumer price inflation, which is around 1.5 per cent.
The Robert Walters report stated that across both Melbourne and Sydney, companies in the wealth and superannuation sector will be targeting customer-focused employees as organisations "seek to differentiate themselves" from competitors through superior service.
"Local and international banks will also recruit credit assessment professionals who can liaise with mortgage brokers on managing home loan approvals," the report said.
The regulator has also banned the director of the firm linked to the Mayfair 101 Group from controlling a financial services entity.
The big four bank has confirmed the move today.
Joe Longo has addressed ongoing concerns by the industry.
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