Six in ten advisers turned away new clients in past year - Octopus

Research

Sophie King
clock • 2 min read

Six in ten (60%) financial advisers turned away clients in the past 12 months as 62% of advisers polled said they plan to retire in the next decade, research conducted by Octopus Investments has found.

The research, which sampled 255 UK advisers, found a rise in advisers planning to retire within the next decade, up four percentage points from 58% last year. Nearly a third (29%) of advisers surveyed said they plan to retire by 2025. The average adviser has worked in the industry for 26 years and a third (33%) have done so for more than 30 years. A minority (5%) have been in the industry for more than 40 years.  A quarter of respondents said they were serving fewer clients than they were five years ago. Of those, just a fifth (20%) put that down to not taking on additional clients be...

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

News editor's view: The advice profession is getting bigger, but is it getting better?

News editor's view: The advice profession is getting bigger, but is it getting better?

The news editor's Friday Night Takeaway from 11 September

Isabel Baxter
clock 11 September 2026 • 3 min read
Feel Good Friday: Rosemount renews mental health partnership for advisers

Feel Good Friday: Rosemount renews mental health partnership for advisers

Supporting The Global Returns Project, Grief Encounter, FoodCycle and Verve Foundation

Professional Adviser
clock 11 September 2026 • 1 min read
Is compliance the hidden driver of business value and saleability?

Is compliance the hidden driver of business value and saleability?

'The reality is simple - buyers will pay more for certainty'

Paul Bruns
clock 09 September 2026 • 7 min read