Attracting young talent into financial advice to stem the continuous concerns about the high average age of working advisers is an “essential priority” for the future of the industry, says new Personal Finance Society (PFS) president Caroline Stuart.
Speaking today (26 September) following her appointment as president last week, Stuart reiterated the call for new entrants into the industry to replace those expected to retire in the coming years. Stuart's call comes after the Financial Conduct Authority released data earlier this year showing less than 6% of financial advisers in the UK are aged under 30; the average age of an IFA in the UK is currently 58. "One of [the] priorities must be around attracting more people of all backgrounds, ethnicities and ages with the goal of creating a profession as diverse as the public we serve,...
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