Attracting and retaining talent are key factors determining the future success of financial advisory firms in the UK, but it remains to be an issue that professionals across the sector are facing, according to Canada Life and AKG.
Research paper, State of Flux sponsored by Canada Life and conducted by financial services consultancy, AKG, looked at the future of the financial advice industry. The analysis found that sustainable growth for advice firms hinges on their ability to acquire and retain top-tier talent. In response to this, 84% of advisers agreed that a coordinated effort by industry trade bodies and financial services providers is needed to attract more advisers into the industry. The report analysed data across 2,000 UK consumers and 100 advisers and explored the current market conditions that advise...
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