More than 1,000 IFA jobs at risk

The independent data provider surveyed 1,356 leading adviser firms, assessing each firm's chances of survival and the steps each needs to take to make it through turbulent economic conditions. Among its conclusions the 2008 Plimsoll Analysis found that nine percent of adviser firms were running at a loss, and three quarters would have to reduce head count (with one company having to cut jobs by 211). 164 companies were identified as "losing money, heavily in debt and exposed to their lenders". The analysis warned that these companies had "to take drastic action to shrink their business...