Schroders and Benchmark launch adviser guides on great wealth transfer and female financial planning
The firm found 63% of advisers concerned about wealth transfer
Advice Gap
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Clients ‘very concerned’ about their adviser retiring soon
Many advisers are expected to retire over the coming five years
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‘Advice gap’ grows in 2024 with 12.4m people falling in
The headline number includes 9.2 million ‘low confidence non-advised’ investors
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Eye-watering inflation will widen advice gap
Advisers have identified it as the ‘single biggest challenge’ they currently face
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Financial guidance reform to spur ‘cultural change’ in advice sector
UK parliamentary committee amendment will provide clarity on advice-guidance blurred lines
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Should financial advisers lower their fees?
29% of UK adults said they would not go to an IFA because it was too expensive
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Just 7% of Brits paid for financial advice in past two years
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry
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60% of UK advisers turned away clients in past year
While Brits want local councils to recommended IFAs to help with later life planning costs
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Quilter commits to fast track financial adviser course
Firm expects next cohort to start in April
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Ex-Coutts banker launches AI-powered wealth platform
Firm aims to reach ‘abandoned’ clients with £100,000-£2m in investible assets
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PI woes predicted for small adviser firms after FOS award hike
Pimfa warns that move could act as a barrier to entry for smaller IFAs and widen the advice gap
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Australia faces IFA exodus if industry forced to upskill
Potentially hundreds of senior Australian financial advisers could leave the industry if they are forced by the government to upskill, according to the country’s Stockbrokers and Financial Advisers Association (Safaa).