Regulatory demand drives growth in advice networks

Regulatory and technology challenges propel network model growth, Benchmark finds

Sahar Nazir
clock • 2 min read

The growth of the network model in the financial advice sector is being driven by heightened regulatory, technology, and client demands, according to Benchmark.

Advisers are increasingly concerned about regulation, which has emerged as the top challenge affecting their businesses. The introduction of Consumer Duty in July last year has added to the regulatory burden, reducing the time advisers can dedicate to client service. According to Benchmark's Annual Adviser Survey, conducted in April, technology is also a key and growing concern, in addition to retaining existing clients.  These challenges have fuelled the expansion of networks, with an increase in directly authorised firms opting to switch to Benchmark. Benchmark chief executive...

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

Feel Good Friday: FOS chooses Dementia UK as charity partner

Feel Good Friday: FOS chooses Dementia UK as charity partner

Will support Dementia UK over the next two years

Professional Adviser
clock 01 May 2026 • 1 min read
Why 50:50 parenting doesn't necessarily mean no child maintenance

Why 50:50 parenting doesn't necessarily mean no child maintenance

'In many cases, one parent will meet a greater share of the children’s financial needs'

Clizia Motterle
clock 01 May 2026 • 4 min read
Hilbert Investment Solutions launches structured product adviser academy

Hilbert Investment Solutions launches structured product adviser academy

Focused on improving understanding

Sophia Panayi
clock 30 April 2026 • 2 min read