At the end of the ’80s, there were over 100,000 ‘financial advisers’, merrily (or often not so merrily) cold-calling to flog pensions and life insurance to the masses. Many a butcher, baker and candlestick-maker was persuaded to make their fortune in the heady world of finance, and found after a week or two that candlestick-making was a better bet after all. Now there are only a fraction of us left, we’re all a tad better qualified but getting older. So it seems that M&G, aka The Pru, are going back to basics to recruit more Men From. Another full circle?
“Worry for profession as young adviser numbers plummet”
There are around 31,000 advisers currently authorised by the FCA to give advice. Of these only around 6% are under 30 and 84% of all advisers are male. There are 209,000 solicitors, 7,000 young ones enter the profession each year and 52% of all solicitors are now female.
