Compliance still number one worry for advisers - Model Office research

Half spend 10 hours a week on compliance

Sophie King
clock • 2 min read

Compliance issues are still an ongoing concern for financial advisers, with 80% saying it is their number one worry, research conducted by Model Office has found.

In its Retail Investment Adviser Benchmark Report 2021, which surveyed 185 of its own users, Model Office considered trends and challenges advice firms are facing.  Half (52%) of firms said they spent between nine and 11 hours each week working on compliance-related issues, while a quarter (25%) spend six to eight hours and 13% spend 11 to 15 hours.  The research showed advisers were also spending two thirds (65%) of their time on business, compliance and staff development needs, but only 35% on client meetings. Source: Model Office Worries over cyber resilience were also high fo...

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

CII CEO: PFS has moved past 'tales of woe'

CII CEO: PFS has moved past 'tales of woe'

Matthew Hill on office move and executive director appointment

Jen Frost
clock 20 April 2026 • 6 min read
News editor's view: Standard Life/Aegon UK – Another big deal to digest

News editor's view: Standard Life/Aegon UK – Another big deal to digest

The news editor's Friday Night Takeaway from 17 April

Isabel Baxter
clock 17 April 2026 • 3 min read
Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Feel Good Friday: Chartered financial planner to run Manchester marathon 14 months after knee surgery

Raising money for a money literacy charity Money Ready

Professional Adviser
clock 17 April 2026 • 1 min read