Average adviser age falls to late 40s

Exclusively revealed at the Consumer Duty Alliance's Raising Standards Together conference today (22 April), FCA head of department, advisers, wealth and pensions, consumer investments directorate Nick Hulme said the decrease in advice firms largely reflected consolidation in the industry. With the number of advisers remaining "broadly stable", Hulme highlighted the findings show "the market is changing shape but capacity has been maintained." Among findings, Hulme revealed that the average age of an adviser has decreased to around the late 40s. This was due to a 12% increase in ad...