L&P Life

Welcome to this weeks Life and Pensions Newsletter

Welcome to my weekly newsletter where I handpick prime job opportunities, exceptional candidates, and thought-provoking articles from the Life and Pensions sector. Whether you're on the lookout for your next career move, in pursuit of top-tier talent, or simply passionate about staying updated with industry insights, this newsletter is your go-to resource.

What's going on in L&P in Ireland?

The recent RTE news article, "Back to the Future: Mortgage market stuck in the 80s" , sheds light on the current challenges in Ireland's mortgage market, particularly for first-time buyers. Despite high demand and willingness from banks to lend, the market is constrained by the lack of property supply and affordability issues. The average first-time buyer mortgage has increased significantly, reaching over €282,000 in 2023. Yet, the overall mortgage lending activity remains at levels seen in the 1980s, not keeping pace with population growth and economic changes. This situation is exacerbated by the declining home ownership rates among younger age groups and the affordability gap, especially in Dublin and surrounding areas. Consequently, these factors collectively restrict market activity mainly to those with above-average incomes or those who can buy homes without needing substantial mortgages.

From a recruitment perspective, this stagnation in the mortgage market could influence the demand for financial advisors and mortgage brokers. As the process of obtaining a mortgage becomes more complex and challenging, there's a growing need for professionals who can guide clients through this intricate landscape.

Additionally, the focus on affordable housing solutions may drive recruitment in sectors working on innovative financing models and affordable housing projects. With companies in the financial services and real estate sectors seeking candidates with expertise in mortgage advising, financial planning, and real estate market analysis to address these evolving challenges and opportunities.

Top L&P Candidate of the week

Senior Financial Advisor in Co. Cork - €80k plus commission

My top candidate this week is a highly skilled and experienced Senior Financial Advisor based in Co. Cork, seeking a role that offers both professional growth and aligns with their strong values.

Experience & Qualifications:

• ?? Qualifications: Holds both QFA & RPA qualifications and is open to further education and upskilling in the industry.
• ?? Industry Experience: Brings a decade of experience in Financial Advisory roles within the Irish market.
• ?? Holistic Approach: Expertise in offering comprehensive advice across life, pensions, and investments.
• ?? Brokerage Background: Experience gained in a brokerage environment, adept at understanding diverse client needs.
• ?? Growth Mindset: Looking for a company that values continuous personal and professional development.

Ideal Opportunity:

This candidate is on the lookout for an opportunity in a forward-thinking company that prioritises employee growth and aligns with their strong value system. With their holistic approach to financial advisory and a track record of success, they are ready to make a significant impact in their next role.

?? Contact me today to arrange an interview

Top L&P Job of the week

Private Client Advisor in Co. Dublin - €65,000 - €85,000 plus Bonus & Commission

I am excited to present an exceptional opportunity for a Private Client Advisor based in Co. Dublin. This role offers the chance to provide Wealth Management solutions to a portfolio of high-net-worth (HNW) individuals within a well-established and professional organisation operating in the Wealth Management and Employee Benefits space.

Key Requirements:

• ?? Essential Experience: Candidates must have prior experience in a similar Advisory role, focused on dealing with HNW individuals.
• ?? Qualifications: Minimum requirement of QFA qualification; candidates with CFP are highly desirable.
• ?? Professional Growth: The successful candidate will join a dynamic team in a prestigious organisation, offering significant professional development opportunities.

Ideal Candidate:

The ideal candidate for this role is a seasoned professional with a strong background in Wealth Management. They should possess excellent client-facing skills, a detailed understanding of wealth management strategies, and a track record of successfully managing HNW client portfolios.

Opportunity Highlights:

• ?? Wealth Management Expertise: An opportunity to showcase and enhance your expertise in wealth management solutions.
• ?? Professional Environment: Work within a well-regarded organisation known for its professional approach to Wealth Management and Employee Benefits.
• ?? Career Advancement: This position offers significant opportunities for career growth and development in the wealth management field.

Ready to take your career to the next level in Wealth Management? Contact Holly Railes directly to explore this opportunity in Co. Dublin.

Salary Survey 2024

In 2023, the Life and Pensions sector witnessed a significant transformation, reflecting a broader trend of evolution within the insurance market. This period was characterised by a strategic focus on enhancing market positions and embracing flexibility, underlining the sector's adaptability to an ever-evolving business landscape.

At 360 Search, we've closely monitored these changes, understanding the pivotal role of recruitment and hiring strategies in navigating this dynamic environment. To assist businesses and professionals in adapting and seizing new opportunities, we've meticulously compiled the 2024 Salary Survey, specifically focusing on the Life and Pensions, Insurance and InsurTech sectors. This comprehensive survey draws on extensive data from the past year, including client budgets and actual salary packages offered to candidates.

Follow this link to download a copy today!

This newsletter provides comprehensive insights on the L&P recruitment market, offering valuable guidance for employers and candidates alike. For more personal insights and expert guidance please contact me direct at [email protected]