Nearly a quarter (23%) of UK advisers have responded to heightened market uncertainty and volatility by increasing actively managed investment allocations.

Profit is essential for all businesses to thrive and invest and Financial Planners, above everything else, are business people who need to make a profit. Profit is the lifeblood of all Financial Planning firms and that's something that is sometimes forgotten.

One of the main talking points this week has been the FCA’s Adviser Survey which seems to point to both positive and negative factors, as far as the professional advice sector is concerned.

Many years ago a wise and very experienced CEO of a Scottish life and pensions company (sadly no longer with us) passed on to me a very useful piece of advice on pensions which we were discussing at the time.

The number of adviser firms has fallen by 15% since 2021 although the number of advisers overall has remained steady at 31,000.