Several training academies for advisers have been launched over the past year. What real value do these bring to IFAs and to the industry as a whole?
Roy McLoughlin, Master Adviser There are two issues concerning training academies: their relevance to existing advisers and the question of how they can attract new ones. The average age of IFAs is reported to be 56 and as these advisers start retiring, it is crucial that new blood is found quickly. Many existing IFAs may be starting to worry about who they could develop a practice buyout with, though a more common problem is the ever-expanding protection gap due to a lack of advisers. There are plenty of staff working in the financial services so everything must be done to encourage the ...
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