Category: Finance for Contractors

Contractors looking for work in the financial services sector need to show they have a proven track record of producing results, according to an expert, who said that recruitment in the sector is competitive.

Mark Seymour, director of Hays Insurance and Financial Services, said that after the banking crisis, demand for actuaries and compliance managers is higher but levels of competency must increase as well.

"The banking sector has increased the number of jobs for financial advisers and planners especially to support their mortgage and added value offerings. However, employers are being very specific about their requirements and are only considering candidates with a proven track record," he said.

Mr Seymour added that the insurance market's resilience during the recession was a surprise and means that contractors using umbrella companies could find employment there as a consequence.

Chris Sanger, Ernst & Young's head of tax, recently told ContractorUK.com that now could be a good time for the IR35 provisions to be stripped down and if this does not happen he could see tax avoidance continue to be a problem in the short term.

Posted by Daniel Frost