Retiring armed forces personnel should be seen as a ripe hunting ground for new advisers, according to Lighthouse chief executive Malcolm Streatfield.
The debate about where new entrants to the industry will come from is a long standing one, though the much anticipated adviser exodus as a result of the Retail Distribution Review (RDR) has not materialised. According to figures compiled by the Financial Conduct Authority (FCA), the number of financial advisers operating in the UK rose 6% to 20,453 in the first half of the year as intermediaries re-entered the market. However there are several thousand fewer advisers operating in the UK today compared with three years ago, and FCA chief executive Martin Wheatley admitted in September ...
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