Fresh Blood: Is there enough new talent entering the industry?

NEXT GENERATION

clock

A recent survey highlighted adviser concerns over the next generation of advisers. Is enough being done to find them?

The Personal Finance Society's (PFS) seventh annual survey revealed an alarming consensus that a dwindling supply of new talent stands to undermine the future of the profession. The survey offered up an 'amber warning' on the future for financial advice, the PFS said, warning the situation will only worsen as advisory firms increasingly find themselves competing to secure new hires from a diminishing talent pool. Most respondents to a PFS poll (63%) were unconvinced that the UK's education system is adequately preparing school leavers for a career in the advice profession. PFS pres...

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 profession

AI will not replace paraplanners even as 'traditional' roles change

AI will not replace paraplanners even as 'traditional' roles change

Upskilling is vital, conference hears

Sahar Nazir
clock 30 January 2025 • 2 min read
AI and advice: Financial advisers must adapt or 'be left behind'

AI and advice: Financial advisers must adapt or 'be left behind'

The technology ‘should be seen as a massive area of growth’, delegates told

Sahar Nazir
clock 30 January 2025 • 2 min read
CII exams delayed as IT upgrade takes services offline

CII exams delayed as IT upgrade takes services offline

IT systems offline for next two weekends

Jenna Brown
clock 30 January 2025 • 1 min read