Sunset clause may cost more than 15,000 IFA jobs

LONDON - July 1, 2015 - PRLog -- You have to hand it to Garry Heath of Mountain Consulting, the author of The Heath Report, he knows how to get your attention. Heath, who is currently hard at work lobbying the Government and the Financial Conduct Authority about the end of trail, is claiming that if legacy trail commission is banned in 2016, as currently scheduled, then the IFA sector may lose well over 15,000 adviser jobs over the next couple of years.

And that even the best case scenario points toward the loss of 7,000 advisers – representing just over 20% of the total IFA base.

Phew. The 15,510 advisers who Heath says might go have a current capacity of three million consumers. And the total potential job losses after trail commission disappears, including ancillary tasks, could even exceed 50,000.

Garry Heath is speaking soon at an event organised by Gunner and Co, Mountain Consulting and Equifax. It’s a unique event which looks at how IFAs can unlock the secrets of building their business and is being held in London at the beginning of July.

Read the full article:

http://www.ifamagazine.com/interviews/sunset-clause-may-c...