Lack of trainee advisers 'real threat' to industry - Investec W&I

Head of intermediary services Mark Stevens said the industry had to find a way to replenish the stock of advisers as more and more were leaving the sector. According to Investec's latest research, more than a third (36%) of owner-managers are looking to semi- or fully retire in the next decade. The firm had spoken to 94 intermediaries in October 2016.  The firm also found 55% of advisers were concerned about the sector failing to recruit graduates and trainees.  Stevens said:"The investment and financial planning environment is unlikely to get any easier in the years to come so it i...