Vacant £70k paraplanner role highlights 'severe candidate shortage'

'Growing shortage of paraplanners at all levels'

Victoria McKeever
clock • 2 min read

A paraplanner role paying £70,000 a year in a "leading" City financial planning consultancy has had no applications, highlighting an industry shortage of suitable candidates in the field, a recruiter has said.

The position has been vacant for several months, according to Heat Recruitment. This comes despite the fact the salary offered had been increased by £20,000 from the industry average of £50,000. The firm has partnered with financial services providers for more than 12 years but said this has been the most challenging role to fill in that time. The recruiter's senior financial services consultant Edward Holdaway said: "This role is particularly unique, in not only offering a salary far higher than what a paraplanner can normally expect to be paid, but it also comes with a degree of aut...

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

Number of British millionaires drops to lowest level since 2008

Number of British millionaires drops to lowest level since 2008

Estimated number of 442,000

Sophia Panayi
clock 28 July 2026 • 3 min read
Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read
Dean Proctor: Hopes and fears for the new PM and cabinet

Dean Proctor: Hopes and fears for the new PM and cabinet

Stability, simplicity and the chance to do things differently

Dean Proctor
clock 23 July 2026 • 5 min read