If there is an inequality between the wages paid to a Premiership footballer and a nurse (and clearly there is), there appears to be another odd inequality within the financial services sector.
A survey of salaries and benefits within the industry by BWD Financial Services found the people who provide the advice – advisers and paraplanners – are towards the bottom of the chain. According to the survey, last year the average employed adviser earned nearly £63,000, while the average self-employed earned £60,500. In contrast, employee benefit consultants earned an average of £87,000, while for a paraplanner the average salary was £28,500. However, paraplanners are more optimistic about salary rises this year than other occupations in the survey. Of course, because all these num...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
