As COVID-19 continues to impact working conditions, many asset owners and managers have slowed or put a hold on hiring until the situation becomes clearer, according to Super Recruiters.
Sally Humphris, executive director at Super Recruiters, said restrictions on face-to-face meetings at most organisations were obviously slowing recruitment.
“While industry leaders started the year optimistically [with] employment and hiring, the situation has certainly changed in the past few weeks,” Humphris said.
“Though some key roles are certainly progressing and we are still placing CEOs [chief executive officers], as well as planners and operations candidates.”
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.