News editor's view: Four big stories and a few hard truths

The news editor's Friday Night Takeaway from 16 October

Isabel Baxter
clock • 2 min read

From the future of advice firms to pension reform and the growing influence of AI, this week has been a reminder that the biggest questions facing the profession are rarely straightforward.

First up, the advice market's continuing consolidation. Research published this week found wealth management M&A deals have tripled in six years, with private equity-backed buyers accounting for nearly three-quarters of transactions in the first half of 2026.  There's no doubt that scale can bring opportunities, but as more firms become part of larger groups, questions around culture, client outcomes and conflicts of interest are unlikely to disappear. Growth is one thing; making sure clients continue to come first is another. Then, of course, there's the Budget. I apologise if you ha...

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