Neil joined this week’s podcast to discuss two opinion pieces he wrote published on ifa in-depth, regarding why there could be a “mass exodus” of advisers if the current requirement for existing advisers with no degree to have an approved qualification by 1 January 2026 is not addressed.
“I think it will be a significant number,” Mr Macdonald said.
“You’ve got this demographic thing that adviser ages are increasing anyway. And so that’s the risk, I think. There will be people who will retire probably maybe four or five years earlier than they need to.”
Mr Macdonald discusses his opinion on the matter and what he would like to see government and regulators do before 2026.
Listen to the full episode below.
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If Neil was worried about an adviser exodus he should not have allowd AMP to walk all over their network. Neil and the team failed AMP advisers and his voice in the industry is irrelevant.