Adviser earnings rise 14.9% but gender gap persists

BWD census reveals gender gap of 28% in the advice profession

Sahar Nazir
clock • 1 min read

Adviser earnings have increased by 14.9%, reaching an average £95,754, with the majority reporting a “positive outlook on the future”.

This is according to the recent BWD census which collected information from respondents between December 2022 and January 2023 including data on salaries, bonuses, and benefits for the current and previous years. Employed earnings for financial advisers and planners are currently at almost £96,000, up from £83,000 the previous year. However, the research highlighted an overall gender gap of 28% in the advice profession. Women account for 18% of advisers. Of those advisers questioned, 81% were male and 18% were female. The pay gap stands at 13% whilst the bonus gap is at 106% wit...

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