Quarter of UK adults want support to become adviser

Job remains more popular among men as 65% would consider it as career

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The financial advice sector has been struggling to deal with the talent crisis; however, rising public attitudes towards becoming an adviser may help solve the problem.

IFA network Openwork surveyed over 2,000 UK adults and found 59% would consider a career as a financial adviser.

This is an increase from the 45% who were interested in its last survey in March 2019.

But, the availability of training is crucial to getting people into the industry – more than a quarter of all adults surveyed (27%) said becoming an adviser is dependent on whether support was available.

Demographics

The Openwork research also found that over half of women (54%) surveyed would consider a career in the sector, but becoming an adviser remains more popular among men (65%).

Some 66% of 18-24-year olds would be interested in pursuing a career in advice.

Claire Limon, director of learning and acquisition at Openwork, said: “With the demand for advisers increasing, it is reassuring that more and more people are considering the move and that its attractiveness as a career has only grown.

“However, our research found training support is vital.”

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