U.K. aims to boost financial industry ethics

The U.K.’s financial sector has surged due to unexpected profits and business, reports Financial Times. It added 2,000 jobs in the first quarter of 2013, and similar growth is forecasted for the second quarter.

FT adds many of these jobs are compliance-related, though all divisions besides insurance are growing. Read more.

Read: Can life insurance be held as an asset class?

At the same time, however, the U.K.’s hiring requirements for aspiring financial execs have stiffened, reveals FT. From now on, any new brokers and traders will have to take an ethics test before completing designation exams.

FT adds the Chartered Institute for Securities & Investment passed this rule as a result of the LIBOR scandal and faltering consumer trust. Read more.

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