Ten million unable to access advice on Personal Accounts

A survey of IFAs reveals most would be comfortable with between 100 and 150 clients, meaning large numbers of people would struggle to access advice on Personal Accounts. Steve Bee, head of pensions strategy at Scottish Life, predicts that around 10 million UK workers will become auto-enrolled in the scheme without receiving independent advice, based on the amount of clients a single IFA can look after at any one time. A poll of IFAs, conducted by Bee on his BeeHive website, found 40% felt around 100 clients was the maximum an adviser could have on his books and still give sufficient atte...