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

PA Asks: Should the FCA intervene to tackle pension delays?

PA Asks: Should the FCA intervene to tackle pension delays?

Plus, did the FCA's consolidation review go far enough?

Professional Adviser
clock 07 November 2025 • 1 min read
FE Fundinfo expands adviser platform with acquisition of Contengo

FE Fundinfo expands adviser platform with acquisition of Contengo

Deal intended to strengthen Nexus platform

Sahar Nazir
clock 07 November 2025 • 2 min read
Advisers warned against 'tick-box' cashflow modelling

Advisers warned against 'tick-box' cashflow modelling

Cashflow modelling ‘only as good as the information you put in’

Sahar Nazir
clock 06 November 2025 • 5 min read