Advisers seeking increase in recurring income - Skandia

Its survey of advisers found 71% confirmed over 20% of their revenue currently comes from recurring income. Skandia expects this figure to grow significantly as 85% of advisers said they intend to increase the percentage of recurring income they receive over the next year. "Recurring income becoming a more desirable income stream for advisers indicates that offering a more comprehensive ongoing service to clients is high on the agenda," says Peter Jordan, head of proposition marketing at Skandia. He adds: "This is likely to be mainly in response to demand from clients but it has the add...