A third of IFAs making a loss - Plimsoll

clock

A third of IFA firms are making an "unsustainable" loss because they are reluctant to pass on ever-increasing costs to customers, research by Plimsoll suggests.

With one in three companies in the IFA space in the red, Plimsoll warns many firms will "run out of cash" unless they refocus on their bottom lines and let consumers share the burden of escalating costs. "Whether its fuel, materials or wage demands every company in the UK IFA industry is being squeezed by ever increasing costs," says Plimsoll lead analyst David Pattison. According to the survey of 1000 advice firms, although more than half (52%) have seen gross margins fall in the last year, they are reluctant to pass on price rises for fear of losing customers to cost-savvy competito...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Deal Dive: Regional planning firms make their mark

Deal Dive: Regional planning firms make their mark

Deals announced in Q2 2026

Isabel Baxter
clock 06 August 2026 • 3 min read
The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

'Investing is not just a technical exercise; it’s an emotional one'

Kate Rainbow
clock 03 August 2026 • 4 min read
The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read