Hundred IFAs in trouble as parallel with airlines drawn

According to industry analysts Plimsoll, the airline sector is "to some extent" 12 to 18 months ahead of UK financial advice in what it calls the "evolutionary cycle". It says the failure of XL Leisure in September was "the best thing that could have happened" to the industry as it freed up space for other airlines and says the struggles facing more than 100 adviser firms could have a similar impact. "The [IFA] sector has overcapacity," it says. "More than 30% of businesses suffered a fall in sales last year, with competitive pressure forcing many to see sales fall by 14%. "[But] the ...