Do academies owe young advisers a better duty of care?

As it stands, there has been about a 60% drop in the number of younger advisers aged under 25 - from 426 in August 2022 to 174 in February 2024, according to data from Paul Harper Research. And with the prices of financial advice exams continuing to rise, the industry is not making it any easier for younger recruits to get involved. Why the self-employed academy model is failing Paul Harper Search managing director Paul Harper claims the big advice academy players are product providers who are "dominated by a self-employed or franchise model". "The problem that we've got is that ...