Neil Padget: Finding the next generation of advisers

Fresh stream of talent needed

clock • 4 min read

Advisers need to do a better job of communicating the benefits of a career in financial planning before the old guard makes its exit and the advice gap widens further, writes Neil Padget

Every profession requires a stream of fresh new talent entering its ranks to replace those heading into retirement, but the situation in the UK financial advice market is particularly pressing. An ageing adviser population combined with a growing appetite among consumers for advice means the profession risks sleepwalking into a supply crisis without more opportunities for budding advisers to kickstart their careers. As things stand, there are roughly 26,000 advisers in the UK, and around 5,500 firms. Despite marginal year-on-year change since the Retail Distribution Review came into f...

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