Tim Sargisson: Myths about the retiring adviser

Dynamic Planner's recent report Growth, opportunity, and sustainability - The financial advice market in 2021 resurrected that old chestnut — the retiring adviser. This subject seems to come round with all the tedium of an unloved season. In 2019 trade body Liberatum revealed that 7,000 advisers were set to go within the next five years and 13,000 over ten years. Also in 2019, Octopus Investments research showed almost a third of advisers, 29%, expect to retire in the next five years. This figure rose to 58% of advisers when considering retirement in the next 10 years. So, an equivalent ...