Editor's view: Financial planner earnings soar – but there's a catch

The editor's Friday Night Takeaway from 6 December

Jen Frost
clock • 2 min read

It’s boom time for financial planner earnings, which have risen yet again.

As per a recent Paul Harper Search report, more than half of financial planners are now earning more than £110,000 annually. That's not a sum to be sniffed at and should be a big carrot for many would-be advice entrants, with newly qualified adviser earnings averaging £61,540.  And yet, adviser numbers continue to fall. That's according to both Paul Harper Search and Financial Conduct Authority figures. Fears of an advice worker exodus may be seen by some as overstated (as one speaker at a recent PA roadshow noted, the industry average age has hovered around the mid-to-late-50s ...

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