How are advisers helping clients with redundancy during the pandemic?

Redundancies up more than 50% in Q3

clock • 6 min read

As the number of redundancies rise throughout the UK, Stephen Little speaks to a number of financial advisers about the benefits they can offer those who have lost their jobs

Being made redundant can be a huge challenge and advisers can a play a vital role in helping a clients adjust to their new circumstances. While the economy has somewhat bounced back from the economic downturn caused by the Covid-19 crisis, many of the hardest hit sectors, including the food industry and retail, have announced redundancies. Figures from the Office for National Statistics show redundancies reached a record high of 314,000 between July and September - up 181,000 from the previous quarter. Advisers, however, can offer peace of mind to clients who have been made redunda...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Next gen group takes on young adviser shortage

Next gen group takes on young adviser shortage

Hollee Vivian launches initiative with adviser peers

Isabel Baxter
clock 15 September 2026 • 4 min read
News editor's view: The advice profession is getting bigger, but is it getting better?

News editor's view: The advice profession is getting bigger, but is it getting better?

The news editor's Friday Night Takeaway from 11 September

Isabel Baxter
clock 11 September 2026 • 3 min read
Feel Good Friday: Rosemount renews mental health partnership for advisers

Feel Good Friday: Rosemount renews mental health partnership for advisers

Supporting The Global Returns Project, Grief Encounter, FoodCycle and Verve Foundation

Professional Adviser
clock 11 September 2026 • 1 min read