With responsibilities to be wound up at the end of the year, this episode looks at FASEA’s work and exams through Greg, who has been in the industry for 30 years, and Mia, who is midway through her professional year.
Greg and Mia also discuss a recent opinion piece published on ifa by The Advisers Association’s Neil Macdonald, who said advisers would exit the industry in droves if the current requirement for existing advisers with no degree to have an approved qualification by 1 January 2026 is not addressed.
“I don’t know whether I’d term it as a mass walkout, but certainly the number of advisers is going to decline, while the number coming through on the Professional Year is picking up from what I can see, the number of advisers that will have to leave the industry will be much higher,” Greg said.
Mia added: “My concern at the moment is that when the time comes, 2026 rolls around, I feel as though we’re almost not going to have an industry left because everybody’s going to leave. So what I’m really passionate about at the moment is getting younger people into the industry.”
Listen to the full episode below.
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