A sizeable portion of advisers are considering selling their business amid pressures from regulation, volatility and cybercrime, research by Canada Life has found.
The research, which surveyed some 185 advisers, found one third (32%) of advisers were considering selling their business, and four in ten (38%) of those thought it would be to a larger organisation. A similar number (37%) were considering withdrawing from certain markets, while 28% were considering retirement. Canada Life said the findings revealed a new wave of consolidation is "primed to grip the sector" amid pressures from regulation, volatility and cybercrime. Marketing to millennials Elsewhere, the research found more than a third (35%) of advisers felt appealing to millenn...
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