Addressing the need for fresh talent in the advice industry

‘Firms must offer compelling reasons for advisers to stay’

Isabel Baxter
clock • 9 min read

With the shortage of advisers in the industry, Isabel Baxter explores the need for new talent and how to recruit for the future...

As the industry already knows, there is an urgent need for new and younger recruits as more advisers reach their retirement age. Research by Opinium last year found that three-quarters (76%) of IFAs believe there are not enough advisers entering the industry to cope with future demand. Meanwhile, Canada Life and AKG found that attracting and retaining talent are key factors determining the future success of financial advisory firms in the UK. Still, it remains an issue that professionals across the sector face. So, what has created this talent gap and what does the industry need to...

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