Advisers light up 'amber warning' on future of profession

The Personal Finance Society's (PFS) seventh annual survey, conducted among 1,498 members, found that 63% of respondents believe the UK education system does not adequately serve the needs of the advice profession. Participants said they want recruits with better literacy and numeracy skills, and not to have to ‘top-up' these basics. The survey offers up an 'amber warning' on the future of the advisory profession, the PFS said. Going forwards, advisory firms will increasingly find themselves competing to secure new hires from a diminishing talent pool, according to the results. ...