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

News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read
Feel Good Friday: Finli Group raises money for dementia charities

Feel Good Friday: Finli Group raises money for dementia charities

Has raised £10,000 and hopes to generate an additional £10,000

Professional Adviser
clock 12 June 2026 • 1 min read
Education minister: Student loan repayment threshold freeze did not break the system

Education minister: Student loan repayment threshold freeze did not break the system

‘These are design choices we have inherited’

Sophia Panayi
clock 11 June 2026 • 3 min read