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...

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