Resignations at the FSA Up 128%

Following previous stories of staff departures from the FSA as highlighted by High Finance Group (see Brenchley Jumps Ship to KPMG and Edwards Follows Brenchley Out), Reynolds Porter Chamberlain have released figures stating that there has been an 128% rise in resignations at the regulator. With more people resigning in the first 6 months of this year, than in last year whole of last year, these figures do not read well for the Insurance industry as a whole. These resignations are having a knock on effect upon businesses working with the FSA. Here at High Finance Group we are interested to see if the publication of these figures will have any affect upon current employees at the FSA.

The knock on effects these departures may lead to are a reduction in quality of decision making and an extension in time taken for decisions regarding regulatory approval.

Although the FSA will remain in its current form for the next six months, this increase in staff departures is being blamed upon the uncertainty of the future of the regulator. As the deadline approaches one can only assume that the number of people leaving will increase.

High Finance Group is a leading London based recruitment consulting firm which provides specialist professionals to leading Insurance, Asset Management, Pension Management and Consultancy firms. We cover; Actuarial recruitment; Finance recruitment; Audit recruitment; Risk recruitment; Compliance recruitment; Solvency II recruitment; IT recruitment; Claims & Underwriting recruitment. For more details on specific jobs or roles please contact the relevant consultant from Our People.