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

Male-dominated image still deters women from financial planning

Male-dominated image still deters women from financial planning

Women’s Wealth Alliance report calls for CPD framework to close gender gap

Sahar Nazir
clock 11 November 2025 • 2 min read
Evelyn Partners exits employee benefits arm to 'refocus on wealth management'

Evelyn Partners exits employee benefits arm to 'refocus on wealth management'

Howden to acquire Evelyn Partners Financial Services

Sahar Nazir
clock 11 November 2025 • 3 min read
Autumn Budget 2025: Budget fears spur major equity fund outflows

Autumn Budget 2025: Budget fears spur major equity fund outflows

'Growing concern' about Autumn Budget anticipated tax implications

Professional Adviser
clock 11 November 2025 • 1 min read