Attracting and retaining talent is a key focus for the advice industry

This is an issue that professionals across the advice sector are facing

Isabel Baxter
clock • 2 min read

Attracting and retaining talent are key factors determining the future success of financial advisory firms in the UK, but it remains to be an issue that professionals across the sector are facing, according to Canada Life and AKG.

Research paper, State of Flux sponsored by Canada Life and conducted by financial services consultancy, AKG, looked at the future of the financial advice industry. The analysis found that sustainable growth for advice firms hinges on their ability to acquire and retain top-tier talent. In response to this, 84% of advisers agreed that a coordinated effort by industry trade bodies and financial services providers is needed to attract more advisers into the industry. The report analysed data across 2,000 UK consumers and 100 advisers and explored the current market conditions that advise...

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

Advisers who look to psychographic traits can go the 'extra mile'

Advisers who look to psychographic traits can go the 'extra mile'

‘Fast growing advice firms are considering client behaviours and values’

Isabel Baxter
clock 12 July 2024 • 1 min read
The Adviser Incubator: Meet graduate Rebecca Penny

The Adviser Incubator: Meet graduate Rebecca Penny

An inside look at The Verve Foundation’s programme

Hope Coumbe
clock 12 July 2024 • 6 min read
Court date set for 'finfluencers' following FCA crackdown

Court date set for 'finfluencers' following FCA crackdown

Trials have been scheduled after the FCA charged nine individuals

Sahar Nazir
clock 12 July 2024 • 1 min read