Up to 1,000 IFA job losses expected in 2010

The research firm believes IFA practices will experience a resurgence, but jobs will need to be lost if the sector wishes to remain competitive. After the impact of the credit crunch and recession, IFAs have had a tough two years, Plimsoll says, but things are set to get better. However, many firms are barely surviving the recession, according to senior analyst David Pattison, and consolidation will be a major theme in 2010. This will help improve efficiencies, but is likely to lead to major job losses, he adds. "Our latest analysis projects that a further 1,000 jobs will have t...