Almost two-thirds (64%) of advice firms have altered their future business plans due to Covid-19.
The pandemic is impacting different sections of society in different ways. For example, a recent study by Legal & General suggested that 1.5m people plan to delay their retirement because of Covid-19 and its financial impacts.
Chartered Financial Planner Fairstone has agreed its seventh acquisition deal this year with South East firm Mantle Financial Planning which has £480m in Funds Under Management.
Financial Planners believe business growth and efficiency to be the biggest challenges they face in 2020, according to a new survey.