View more on these topics

IFAs report growth in annual income

More IFAs are reporting year-on-year increases to their income, according to NMG Consulting.

Based on the feedback of 449 advisers between October and December last year as part of its IFA Census programme, NMG found that 41 per cent of advisers have seen their income go up over the past year.

This latest data marks the fifth consecutive quarter that IFAs have reported growth in their income.

It is up from the low point of Q3 2009, when just 14 per cent of advisers saw their income increase.

Across all advisers, NMG found that income increased by an average of 3 per cent over the past year.

But not all advisers polled saw their income rise, with 25 per cent of IFAs experiencing a drop in their income.

NMG director David Burns says: “For many IFAs experiencing lower income levels this is not a recent phenomenon but the continuation of a longer term decline and we estimate that around half of this group will exit prior to implementation of the RDR.

“Analysis of advisers based on their progress along the RDR journey provides clear evidence that those who are most advanced are also the ones most likely to be thriving and this proportion appears to be growing.”



Ascentric launches platform test for advisers

Ascentric has launched a “driving test” for advisers to assesses their knowledge and understanding of the platform and ensure they are able to explain its functionality to clients. Advisers must complete a training programme before taking the test, which involves theory and practical assessments. The theory test consists of 25 questions with a pass mark […]


Out of Context

“Bill and Ben are waiting for you in reception.”Centaur reception summons a Money Marketing hack to meet The Pensions Regulator chief executive Bill Galvin and head of media relations Ben Lloyd. “I am a fundamentalist IFA.”Baigrie Davies director Ian Howe on his feelings about restricted advice. “”They are going to be working for Transact until […]

FCA can ban products for one year while considering consumer detriment

The Financial Conduct Authority will have the power to ban products for up to one year to prevent consumer detriment. In a consultation paper on the new regulatory framework, published today, the Government says where the FCA has identified an issue with a new product, it will be able to take action, using existing regulatory […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm