AWD to double adviser salaries in recruitment drive

Advisers' base salaries will at least double while bonuses will be more closely linked to what it calls "assets under influence" (AUM) and recurring revenue business. The Swiss Life-owned business currently has 178 advisers but CEO Stephen Kavanagh says the company's business strategy is being built around an adviser base of about 205. It will look to recruit advisers individually, Kavanagh says, but, failing that, it will look to buy an IFA with about 30 advisers. "We are about to launch a new employed contract for our advisers," Kavanagh says. "It will have a higher base level wi...