1043 IFA jobs could be lost

Analysis of the UK’s leading 1356 IFA companies found as many as three quarters will need to reduced their head count. One of the largest firms could see up to 211 jobs lost alone, Plimsoll warns. It says 9% of the companies surveyed are already running at a loss and companies need to aim for at least £70,000 sales per employee in order to stay competitive. Of the firms assessed, 164 ‘danger-rated’ companies, need to consolidate immediately and could see 30% of the workforce go as they try to stay in the market. A further 335 companies need to “tweak” their business to maintain their p...