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South West

  • it has the greatest share of employment in life insurance and pension funding
  • focal points of employment are in Bristol, Bournemouth, Gloucester and Swindon
  • there are 75,357 people employed in the region, accounting for 6% of the total UK workforce
  • average earnings are £36,343 per annum
  • there are more females (45,309) in the sector workforce than males (33,000)
  • 17,300 people working in the sector are aged 16-24 years, 49,200 25-44 years, 23,100 45-54 years and 8,300 54 years plus
  • there are significantly more people in financial services in the region working full-time than part-time, plus employed people than self employed – this is representative of the entire sector
  • the region benefits from the abilities of a highly skilled workforce, but is one which cannot be replenished or expanded easily due to skills shortages

Source: FSSC LMI report 2009 and FSSC The Skills Bill: England 2008