Banks & brokers to be affected by restrictions on international hires

27 January 2011

The UK Border Agency's current plans for the permanent limits, to be introduced in April, may significantly affect the ability of banking and brokerage firms to hire international candidates.

The UK Border Agency has indicated that it intends to raise the minimum skill level for new hires under Tier 2 to degree level, based on a list of eligible graduate occupations. Employers wishing to recruit from outside the EEA under Tier 2 will not be able to do so if the occupation does not feature on the list. 

The Migration Advisory Committee (MAC) are reviewing the current Graduate Occupation List and are accepting written submissions as to why an occupation should appear on the list. 

We believe there is a risk that brokers, financial investment analysts and advisers and financial institution managers may not be on the reviewed list. 

We are aware from working closely with broker clients that these occupations are consistently recruited at degree level. Therefore it is vital that concerned employers make written representations to the MAC confirming their current recruitment policies by emailing mac@homeoffice.gsi.gov.uk before the deadline of Friday 21 January 2011.

Please contact us if you would like any guidance on written submissions.

For more information, please contact: Nicolas Rollason at nrollason@kingsleynapley.co.uk or on +44 (0)20 7814 1276.

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