RDR drives job enquiries at deVere United Kingdom
The number of people who applied to join the deVere United Kingdom team on the first working Monday after the festive period increased by a massive 100 per cent this year, compared to 2013.
Known as ‘Massive Monday’ in the recruitment industry as it is the most popular day of the year to look for a new job, I’m thrilled to report that the UK division of the deVere Group received over twice the number of CV’s and employment enquiries this year. FT Adviser reported on this incredible upsurge in job applications, as did IFA Online, amongst others.
The RDR effect
This is the time of year when people often review their working life and make resolutions to further their careers, the majority bursting with motivation at the start of a new year.
But perhaps the biggest reason why there has been such an upsurge in deVere United Kingdom employment applications is the Retail Distribution Review (RDR), which has been in effect now for a year. Despite the subsequent increase in standards and transparency throughout the financial services industry following the implementation of RDR, it led to numerous banks and advisory companies leaving the market.
deVere United Kingdom became RDR-compliant some 12 months before the official deadline, and the dramatic increase in job applications this year, mainly from former employees of firms that abandoned the market due to RDR, has been thoroughly welcomed. This is because demand for deVere United Kingdom’s services continues to grow, particularly from expats moving back to the UK and international investors.
News of the introduction of a UK-based apprenticeship scheme, allowing future wealth management professionals to join the firm at grassroots level and learn from the best, also provides another exciting facet to the start of this year.
2014 has got off to a flying start for deVere United Kingdom, and as it expands due to ongoing client demand, more success throughout the year will surely follow.