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

MKC Invest backs robotics as physical AI takes off

MKC Invest backs robotics as physical AI takes off

Conducts four-week internal research project

Sophia Panayi
clock 03 July 2026 • 2 min read
Feel Good Friday: Free paraplanning mentoring initiative expands

Feel Good Friday: Free paraplanning mentoring initiative expands

The Paraplanner Club partners with Fundment

Professional Adviser
clock 03 July 2026 • 1 min read
Wesleyan launches two with profits funds for advisers

Wesleyan launches two with profits funds for advisers

Available on Aberdeen, Nucleus, Wealthtime and Hubwise platforms

Sophia Panayi
clock 03 July 2026 • 2 min read