Rise in IFA retirement a 'huge' opportunity for younger advisers

Three-quarters of advisers will be retiring in the next decade

Isabel Baxter
clock • 1 min read

The increase in retiring IFAs means there is a “huge opportunity” for the next generation of advisers, delegates heard.

Speaking at Change Fest hosted by the Chartered Institute of Securities and Investment and NextGen Planners, Financial Planner Life podcast director Sam Oakes revealed that there are approximately 27,000 financial advisers currently and three-quarters of those will be retiring in the next decade. He also noted that on average, 5.7% of advisers are under the age of 30, only 0.6% are under the age of 25. Additionally, one third of the 27,000 bracket are between 50-59 and 75% are aged 40 or older. "This is a huge opportunity for the next generation of advisers coming through and those th...

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

Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read
Treasury consults on AR regime adding further FCA and FOS permissions

Treasury consults on AR regime adding further FCA and FOS permissions

Amid concerns about consumer harm and weaknesses in oversight

Isabel Baxter
clock 12 February 2026 • 3 min read
Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Panel unpacks next gen themes in advice

Isabel Baxter
clock 10 February 2026 • 3 min read