Red tape could see UK adviser numbers down 7% by 2022

The number of IFAs and wealth managers across the UK could shrink 7% by 2022, according to research by Succession Wealth, as an increasingly stringent regulatory environment leads many to look to sell their businesses.   Half (51%) of the IFAs and wealth managers surveyed by the wealth management firm said this was a ‘very important' factor for financial services businesses wanting to sell. This was followed by 36% who said the same about the growing pressure on costs, while 34% cited the increasing investment now needed to operate in such a heavily regulated infrastructure as a key r...