Financial advisers facing increasing challenges: Canada Life

An overwhelming majority of financial advisers in the UK say the industry faces more risks now, with compliance being the biggest concern. A study by Canada Life revealed that almost three quarters of advisers [71%] believe that overall risks to adviser businesses are greater now than they were five years ago, with only 2% saying they are lower. Advisers cite compliance [72%], economic uncertainty [50%], time management [47%] and cyber security [38%] as the biggest risks facing them at present. Neil Jones, tax and wealth specialist at Canada Life, said: "The range of challenges ...