PFS Conference: Skills shortage poses threat to future of advice

Jenna Towler
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Positive sentiment about the future of the advice industry has returned but the looming skills shortage must be addressed, David Thomson has said.

The director of policy and public affairs at the Chartered Institute of Insurance (CII) said the findings of the Personal Finance Society's annual skills survey were an "amber warning" for advisers. He said advisers were positive about the future of the profession as many of the negative predictions about the impact of the Retail Distribution Review (RDR) were not as bad as had been predicted. He also said increased business through auto-enrolment and economic improvement had buoyed hope for the future. However, the future of the profession is at risk from a skills shortage. He said s...

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