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01/11/12
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Money advice in increasing demand, says study
31/10/12
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Payment barriers exist for disabled and older people, says study
31/10/12
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Gender differences apparent when financial planning
31/10/12
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Half of Brits shop with a basic credit card, says study
30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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News
05/01/2010 17:14:09
Financial adviser jobs 'will need to be cut'
It may soon be more difficult to find a financial adviser, if recent suggestions are anything to go by.
Research firm Plimsoll suggests that despite an expected resurgence in the Independent Financial Adviser market it will be necessary for approximately 1,000 jobs to be cut in 2010.
Plimsoll suggests that the moves will be necessary in order to keep the industry competitive and help it become more efficient.
Senior analyst David Pattison said: "Whether through natural wastage or compulsory lay-offs, job losses are necessary. With the average sales per employee figure down to £87,000, employees need to ‘buy in' and contribute more to the recovery of their companies."
He added that those with jobs should expect to work much harder throughout 2010.
However, it also suggests that the market will strengthen through 2010, with 512 companies rated as strong in its latest report. It believes that these firms can "lead the recovery and take advantage of the opportunities on offer".
