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

Why psychological factors are critical for targeted support's success

Why psychological factors are critical for targeted support's success

Hidden diversity within segments

Greg B Davies
clock 14 November 2025 • 4 min read
Pre-Budget panic has 'got worse' with the current government

Pre-Budget panic has 'got worse' with the current government

‘Over the years the rumours have become more sensational’

Isabel Baxter
clock 14 November 2025 • 2 min read
Women in Financial Advice Awards 2025: Best pictures from the night

Women in Financial Advice Awards 2025: Best pictures from the night

Celebrating the best women in the industry

Professional Adviser
clock 14 November 2025 • 1 min read