The three triggers that are fuelling the 'great adviser retirement'

Regulation, client demands and markets are key reasons

clock • 4 min read

Russell Andrews looks at what's driving the 'great adviser retirement' and explores how to plug the gap left behind...

Recently, a lot has been written about The Great Resignation with people choosing to quit or change their jobs in the near future, largely due to the work and life changes caused by the Covid-19 pandemic.  As financial planning and advice are arguably more akin to a vocation, this trend likely won't materially extend to the advice industry. However, a similar risk is The Great Retirement—one that could have a seismic impact on the industry in the coming months. According to Financial Conduct Authority (FCA) data published in April 2022, more than 33% of the more than 43,000 individual...

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 Business

Building a more resilient financial workforce through inclusive leadership

Building a more resilient financial workforce through inclusive leadership

'In the UK's financial services sector, resilience, innovation and trust are top-line priorities'

Mary-Clare Race
clock 10 July 2025 • 6 min read
Adviser books lack younger clients as they pick DIY or robo-advice

Adviser books lack younger clients as they pick DIY or robo-advice

Apathy and lack of advice value understanding also barriers

Isabel Baxter
clock 09 July 2025 • 2 min read
Partners Wealth Management acquires Surrey advice firm

Partners Wealth Management acquires Surrey advice firm

Rebrands following late June acquisition

Jen Frost
clock 08 July 2025 • 1 min read