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

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...