Rising costs and regulatory burden add to adviser pressure

Latest Embark adviser data reveals mental health strain

Jenna Brown
clock • 1 min read

Advisers are facing increased pressure from a variety of sources including rising costs, increased workloads and a heavier regulatory burden, according to data from the Embark investor confidence barometer.

The platform operator said the rising burden was taking its toll on advisers' mental health. Advisers reported their costs were being driven up by the increased workload caused by recent changes to government policy, combined with increased regulatory work linked to Consumer Duty. Some 60% of advisers surveys agreed that ad hoc changes to tax policy - such as the removal of the lifetime allowance for pension contributions announced in the last Budget - were having a large effect on their business processes. Elsewhere, the research found 63% said they would need to outsource to meet...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Fidelius takes stake in HNW specialist

Fidelius takes stake in HNW specialist

Follows February rebrand

Jen Frost
clock 02 May 2025 • 2 min read
Are advice business data silos a necessary evil?

Are advice business data silos a necessary evil?

‘Like them or not, data silos are here to stay’

Robin Bevan
clock 29 April 2025 • 4 min read
Editor's view: Plenty to celebrate about the next generation of advisers

Editor's view: Plenty to celebrate about the next generation of advisers

The editor's Friday Night Takeaway from 25 April

Jen Frost
clock 25 April 2025 • 4 min read