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 advisers and clients could benefit from overcoming philanthropy 'reluctance'

Why advisers and clients could benefit from overcoming philanthropy 'reluctance'

‘It is still a financial decision that deserves professional advice’

Sophia Panayi
clock 02 November 2026 • 5 min read
News editor's view: The devil in the Budget detail

News editor's view: The devil in the Budget detail

The news editor's Friday Night Takeaway from 30 October

Isabel Baxter
clock 30 October 2026 • 2 min read
What's spooking financial advisers this Halloween?

What's spooking financial advisers this Halloween?

Experts share what's keeping the profession awake this spooky season

Professional Adviser
clock 30 October 2026 • 4 min read