15 September 2016
ARGYLE BUCKS THE TREND WITH RECRUITMENT FROM NATIONAL FIRM JLT
Argyle Consulting, one of Scotland’s leading financial advisory firms has today reaffirmed its commitment to the corporate pensions market with the recruitment of corporate adviser Derek Emley. Derek, who has over 20 years industry experience and joins Argyle from JLT, will provide employee benefit advice to Argyle’s larger corporate clients.
This latest appointment strengthens Argyle’s corporate advice team at a time when other leading Employee Benefit Advisers have chosen to withdraw from the market or scale back operations. Pressure on revenue streams, following the ban on commission of workplace pension schemes (which came into effect on 31 March this year), has been cited as a contributory factor.
Argyle have managed to buck the trend and delivered strong business performance in 2016, with client assets under administration growing to over £850 million and revenues increasing year on year. Argyle believes that their dual advice proposition of Wealth Management and Employee Benefits has been a key factor in their success.
Brian Savage, Employee Benefits Director at Argyle Consulting, commented:
“At a time when many Employee Benefit Advisers operating in Scotland are withdrawing from the market, we are pleased to be in a strong position to invest in and grow our Corporate Team. Against challenging market conditions, Argyle has performed well and we have seen an increased demand for our employee benefit advice services. We are delighted to welcome Derek on board - his knowledge and industry experience will allow us to continue to deliver quality advice to our existing clients whilst pursuing new business opportunities in 2016 and beyond”.
Derek Emley said:
“Argyle is well respected in the corporate advisory market and I’m delighted to be joining the business at this time of significant growth. The need to provide employers and their scheme members with quality advice has never been greater and I look forward to meeting the challenges ahead”.