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

Octopus CEO: 'Advisers are the GPs of money – but AI will do the heavy lifting'

Octopus CEO: 'Advisers are the GPs of money – but AI will do the heavy lifting'

Simon Rogerson urges financial planning profession to embrace tech or risk irrelevance

Sahar Nazir
clock 15 May 2025 • 2 min read
Timeline launches first multi-asset fund in bid to simplify investing for advisers

Timeline launches first multi-asset fund in bid to simplify investing for advisers

Firm eyes FCA approval to roll out low-cost, evidence-based fund aligned with adviser demand

Sahar Nazir
clock 15 May 2025 • 2 min read
Pete Matthew: 'Arrogant' advisers need to 'get over themselves' to scale growth

Pete Matthew: 'Arrogant' advisers need to 'get over themselves' to scale growth

Advice business owner and planner expresses frustration at industry

Sahar Nazir
clock 15 May 2025 • 1 min read