[The Wrap] The state of financial services two weeks into lockdown
I doubt many people in the financial services sector have been sitting at home twiddling their thumbs during the first two weeks of the lockdown. We certainly haven't; indeed it has been an incredibly busy time adapting to the changes.
It seems financial services, at this stage, is in a much better shape than other sectors of the economy. A trawl through Work and Income's wage subsidy database suggests very few organisations in the financial services have applied for the subsidy. That could of course change over coming weeks.
The two big advice groups who have salaried advisers; Lifetime and Advice First, appear not to have been granted a wage subsidiary. Searches for financial advisers and mortgage brokers bring up only a handful of results.
A couple of the dealer groups, and similar entities come up including Consilium, Kepa, Mortgage Link
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