How are advisers helping clients with redundancy during the pandemic?

Redundancies up more than 50% in Q3

clock • 6 min read

As the number of redundancies rise throughout the UK, Stephen Little speaks to a number of financial advisers about the benefits they can offer those who have lost their jobs

Being made redundant can be a huge challenge and advisers can a play a vital role in helping a clients adjust to their new circumstances. While the economy has somewhat bounced back from the economic downturn caused by the Covid-19 crisis, many of the hardest hit sectors, including the food industry and retail, have announced redundancies. Figures from the Office for National Statistics show redundancies reached a record high of 314,000 between July and September - up 181,000 from the previous quarter. Advisers, however, can offer peace of mind to clients who have been made redunda...

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

Israel-Gaza ceasefire: Implications for UK investors and financial advisers

Israel-Gaza ceasefire: Implications for UK investors and financial advisers

Sahar Nazir explores how geopolitical tensions and resolutions impact UK investors

Sahar Nazir
clock 27 January 2025 • 4 min read
CII corporate chartered status overhaul to proceed this quarter

CII corporate chartered status overhaul to proceed this quarter

Pilot expected later this year

Jen Frost
clock 24 January 2025 • 2 min read
M&A support service targets wealth management sector

M&A support service targets wealth management sector

The Flower Group to cut acquisition timelines by six weeks

Sahar Nazir
clock 24 January 2025 • 1 min read