07May

Financial recruitment agency reports massive improvement in the job market in first quarter

Recruitment consultancy BWD has reported that it has seen a remarkable recovery in financial services recruitment in recent months. It says that the numbers of interview invitations for candidates in its wealth management division have recovered to pre-pandemic levels. However, the number of job offers in the first quarter of 2021 was almost double that seen in the same period in 2020, even though the coronavirus pandemic did not really affect the UK significantly until close to the end of the first quarter of 2020.

07May

Government announces compensation scheme for investors in failed mini-bond firm

The Government has launched a new compensation scheme for those customers of a failed mini-bond provider who were not eligible for redress from the Financial Services Compensation Scheme. However, these customers will not receive full compensation, as they might have been hoping to get from the FSCS. Instead, they can expect to be compensated for 80% of their initial investment, up to a maximum of £68,000.

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